HALKTV — Ebru Baki Ile Para Siyaset
20260917 070000 UTC
2770 transcript segments
Google Cloud Speech-to-Text API (Chirp) + Gemini 2.5 Flash Non-Thinking
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Machine transcription. Treat it as a searchable index of what was broadcast, not a verbatim quotation record.

[00:00:00] Orbus, the energy depot of the insane.
[00:00:16] We are on Halk TV. It's 10 o'clock. We are on Money and Politics. We will be with
[00:00:19] you until 1 o'clock. There are too many hot developments. I will summarize
[00:00:22] the consecutive developments that reflected
[00:00:25] from yesterday morning to this hour. After that,
[00:00:29] detailed comments will follow. As of
[00:00:31] yesterday, there was a 5.4% 54% drop in the stock
[00:00:34] market. During the day, drops exceeded 7%. Around
[00:00:38] 4 o'clock, a circuit breaker was
[00:00:42] applied, and we saw
[00:00:44] the stock market close with a sharp
[00:00:47] 5.54% drop, falling to 13,122
[00:00:51] points. There were drops exceeding 6% in banking
[00:00:54] stocks, and 6% in holding stocks. What was the
[00:00:58] reason for this? First, you know, a piece of
[00:01:02] news spread over the weekend, that Muhammet Yarız, chairman
[00:01:05] of the board of Pusula Finance Holding, went abroad,
[00:01:09] that he fled. Then he said he didn't flee, he would give
[00:01:12] a statement. Then different allegations came to the agenda.
[00:01:16] Afterwards, it was announced on Sunday night that an
[00:01:19] agreement was made for Pusula Portfolio and its affiliated
[00:01:23] companies to be sold to Tera. However, when we came
[00:01:26] to the weekdays, it was reported to the stock
[00:01:30] market that payments could not be made from
[00:01:33] some of Pusula Portfolio's funds. So, when investors
[00:01:36] went to ask for their money from these funds, they
[00:01:40] didn't receive payment. Default news was announced to the
[00:01:43] stock market with statements by Pusula. Afterwards,
[00:01:47] it said that since this sale has not been approved
[00:01:51] yet, we have no responsibility. Then, both Tera's stock
[00:01:54] fund and money market fund defaulted as of
[00:01:58] yesterday. Then Tera announced a payment schedule for
[00:02:02] six large funds. It said that we
[00:02:04] will determine a price
[00:02:08] on a certain day of the
[00:02:10] month, and investors will wait for that determined
[00:02:14] price, and we will make payments within 10 business
[00:02:17] days following it. And Tezmen, the chairman and
[00:02:21] owner of Tera Menkul, also made a statement
[00:02:23] on his social media account. After that,
[00:02:27] default news spread again regarding some
[00:02:30] funds in the stock market, and
[00:02:33] it was announced that the owner of Info Investment's
[00:02:36] Hedef Holding was detained. All these developments, default
[00:02:40] news, new payment schedules, and the statements
[00:02:43] made, brought about sharp drops in the stock
[00:02:46] market. Afterwards, it was announced
[00:02:50] that the Financial Stability Committee would meet at 8
[00:02:53] AM today, chaired by Minister of Treasury and
[00:02:57] Finance Mehmet Şimşek. That meeting started at 8,
[00:03:00] and just now, with a statement made after the meeting,
[00:03:03] the public was informed item by item about what
[00:03:07] will be done in the next period. Yesterday, the
[00:03:11] stock market closed at 13,122 points,
[00:03:13] but it fell to 12,800 points during the
[00:03:17] day. The drop accelerated so much that at one
[00:03:20] point, 583 out of 600 stocks were down.
[00:03:24] 60 stocks hit the lower limit. Such a
[00:03:27] day was experienced, and
[00:03:30] there was no such deeply red situation in
[00:03:33] other country's stock markets. Due to the developments
[00:03:37] I mentioned, there were sharp drops in the stock
[00:03:41] market, and today, we can say that Borsa
[00:03:44] Istanbul started the day with a drop of
[00:03:47] almost 1%, continuing its fall towards 13,000
[00:03:51] points. Now, the Financial Stability Committee met
[00:03:54] this morning, chaired by
[00:03:55] Minister of Treasury
[00:03:58] and Finance Mehmet Şimşek. The Governor of the
[00:04:01] Central Bank Fatih Karahan, the Chairman of BDDK
[00:04:05] Şahap Kavcıoğlu, the Chairman of TMSF, and the Chairman
[00:04:08] of SPK attended this meeting. After this meeting,
[00:04:12] a statement was made by the Financial Stability
[00:04:15] Committee. In this statement, it says that there
[00:04:18] is no fundamental or structural risk regarding
[00:04:22] the functioning of Borsa Istanbul and our capital
[00:04:25] markets. Let me say that first. The problem
[00:04:28] is concentrated in a certain part of the
[00:04:32] fund market. It is temporary and manageable,
[00:04:36] circuit breaker was triggered, as
[00:04:39] it exceeded 6% at one point.
[00:04:42] Losses in banking stocks reached
[00:04:46] 6% in the general index, triggering
[00:04:49] a circuit breaker. It was 13,122
[00:04:52] points. In fact, during the day,
[00:04:55] it dropped to 12,800 points.
[00:04:58] The closing at the end of
[00:05:02] the day was 13,122. This
[00:05:06] is the sharpest daily drop since
[00:05:09] May. The drop exceeded 6% in
[00:05:13] banking and industrial indices. There was
[00:05:16] a 7.61% drop in the metal
[00:05:20] and machinery index, for example. A
[00:05:22] 6.64% drop was observed in
[00:05:26] banking stocks. There were drops
[00:05:30] exceeding 6% in holding stocks.
[00:05:34] Out of 625 traded stocks,
[00:05:37] almost 112 hit the lower
[00:05:40] limit. 583 stocks lost value
[00:05:43] out of 600 stocks. This
[00:05:47] was the situation. All screens were
[00:05:50] red. What caused these? Let me
[00:05:53] explain with graphics. Pusula Portfolio
[00:05:56] Management Inc. could not make payments
[00:06:00] to investors who wanted to withdraw
[00:06:04] their money from some of its
[00:06:07] investment funds. It made a statement to the
[00:06:11] stock market, it defaulted. According
[00:06:14] to calculations, investors have withdrawn
[00:06:18] 130 billion dollars from Pusula Portfolio
[00:06:21] funds since August. Sorry, 130 billion
[00:06:25] lira. Then, Pusula Portfolio
[00:06:28] is also a popular stock fund,
[00:06:32] meaning it's a fund with many
[00:06:35] investors. However, when other portfolios are examined, there
[00:06:38] have been drops between 45% and
[00:06:42] 95% for a long time.
[00:06:46] So, there has been a significant
[00:06:48] drop in the portfolio funds for
[00:06:52] the last 2-3 weeks, which started
[00:06:56] after the SPK measures and after
[00:06:59] the end of August. Also, Tera
[00:07:03] was sold. Pusula Finance Holding's affiliated
[00:07:07] companies, these portfolios, funds
[00:07:10] in the portfolio
[00:07:13] were to be transferred to Tera.
[00:07:16] An agreement was reached. Then, approval
[00:07:20] was awaited from BDDK and
[00:07:22] other institutions, from the Competition
[00:07:26] Board. It was announced on Sunday
[00:07:30] night, they said "Okay, we agreed."
[00:07:34] However, when this default occurred,
[00:07:37] when Pusula couldn't pay its investors,
[00:07:40] Tera said, "The
[00:07:43] sale has not been approved yet,
[00:07:46] I have no responsibility." Then
[00:07:50] we saw that Tera also made
[00:07:53] a statement to the stock market,
[00:07:56] saying, "Default was observed in Tera
[00:08:00] Portfolio Money Market Fund and Stock
[00:08:03] Fund, of which we are the
[00:08:07] founder." So, payments could not be
[00:08:10] made to investors. In 6 large
[00:08:13] funds, Tera will determine a price
[00:08:17] once a month, for example,
[00:08:20] So, banks' borrowing limits can be increased. Collateral discount rates
[00:08:24] applicable in the markets within the
[00:08:27] Central Bank will be reviewed and reduced.
[00:08:31] So, the conditions for banks to access
[00:08:35] liquidity will be made a bit easier.
[00:08:38] It will be ensured that liquidity conditions
[00:08:42] are more easily accessible. All additional measures
[00:08:46] will be taken if deemed necessary by
[00:08:49] closely monitoring liquidity conditions. So, liquidity
[00:08:53] will be increased through weekly repo auctions.
[00:08:57] Bank borrowing limits will be increased, and
[00:09:00] the Central Bank will review collateral
[00:09:03] discount rates to ease liquidity conditions
[00:09:06] a bit. That is, it will provide
[00:09:10] liquidity to the market. It will make regulations
[00:09:13] a bit more flexible and easier in this
[00:09:17] regard and prevent the squeeze in the
[00:09:20] market. So, in summary, there is
[00:09:23] no big risk. We see that the
[00:09:26] risk is concentrated in a certain
[00:09:30] part, in a certain section. We see
[00:09:34] that there is a problem. This is manageable.
[00:09:37] Therefore, we will overcome this problem
[00:09:40] by taking liquidity measures, says the Financial
[00:09:44] Stability Committee to the market. The Central
[00:09:48] Bank announces to the public how
[00:09:51] it will increase liquidity with a press release.
[00:09:54] Therefore, the summary of the meeting held
[00:09:57] at 8 AM and the statement made
[00:10:01] afterwards, which ended two hours later
[00:10:04] as of this hour, is this.
[00:10:07] Let's see how this will be perceived
[00:10:11] in the markets. What
[00:10:16] will be its effect afterwards, and
[00:10:19] will these measures completely solve the
[00:10:23] problem in terms of spread? We will
[00:10:26] discuss this. Now, on the one
[00:10:29] hand, we will elaborate on this
[00:10:32] for you now. What happened yesterday?
[00:10:36] What developments occurred in which portfolio
[00:10:39] company? We will convey that. But
[00:10:42] there's another development. All these events,
[00:10:45] economic events, seem to have come
[00:10:48] together in the world and domestically.
[00:10:52] Yesterday was such a day. While
[00:10:55] following the stock market, we also
[00:10:58] carefully watched the 4.68 lira increase
[00:11:01] in diesel in the evening. When it
[00:11:05] was 12 o'clock, the signs started
[00:11:07] to change, but there were also
[00:11:10] signs that couldn't change. Now, the
[00:11:14] price of a liter of diesel
[00:11:17] in Istanbul has exceeded 100 lira
[00:11:20] and in some provinces, it has
[00:11:24] surpassed 101 lira, and in some
[00:11:27] provinces, it has approached 102 lira.
[00:11:30] This is a first in Turkey's
[00:11:33] history. It's a first in the
[00:11:36] history of the Republic. Diesel has reached
[00:11:40] triple-digit figures. We are now
[00:11:43] seeing five digits on the screen,
[00:11:46] and it has exceeded 100 lira.
[00:11:49] This also happened. Oil prices are
[00:11:52] currently at 105 dollars, but for
[00:11:55] a long time, the Saudi Arabian
[00:11:59] East-West pipeline was closed. There are
[00:12:02] Houthi interventions in Bab-el-Mandeb,
[00:12:06] and that area came under Houthi
[00:12:09] control. The connection between Asia and
[00:12:12] Europe was severed. The Russia-Ukraine tension,
[00:12:15] the Russia-Europe tension increased. In Libya,
[00:12:18] the valve was closed. Saudi Arabia
[00:12:22] said, "Okay, calm down, I will
[00:12:25] increase the supply a bit." Luckily,
[00:12:28] oil prices dropped by about 2
[00:12:31] dollars, becoming 105 dollars. And
[00:12:35] yesterday, diesel also received a
[00:12:39] 4 lira 68 kuruş increase,
[00:12:42] and for the first time in
[00:12:46] history, a liter of diesel exceeded
[00:12:49] 100 lira. However, on the screens,
[00:12:53] we now see
[00:12:56] that in a gas station in
[00:12:59] Europe, the price is 101 lira.
[00:13:02] For example, in Antalya, or in
[00:13:06] Izmir, Ankara, in some places,
[00:13:09] the signs have changed immediately.
[00:13:13] We showed you the level exceeding
[00:13:16] 100 lira. But on some signs,
[00:13:20] there is no diesel price.
[00:13:23] Because, as we always explained,
[00:13:27] the pump's screen doesn't take three-digit
[00:13:30] or five-digit numbers. What did the
[00:13:33] gas stations do? They pasted paper
[00:13:36] here, wrote it by hand. Or
[00:13:39] they left this screen blank and
[00:14:16] the diesel screen is blank, and
[00:14:20] they have given the 100 lira
[00:14:23] on the screen below. Or
[00:14:27] they left it at 99.99
[00:14:31] because it didn't accept 100 lira.
[00:14:34] Either handwritten paper was pasted,
[00:14:38] or it was taken here as
[00:14:42] 100 lira 31 kuruş. So, such
[00:14:45] solutions were produced because the technology
[00:14:49] digital screen
[00:14:50] doesn't take 100
[00:14:55] lira. When it doesn't take it,
[00:14:57] they need to be re-adapted.
[00:15:01] We said that 100 lira is
[00:15:04] not that much necessary, but
[00:15:08] 225 million lira investment is needed.
[00:15:12] Those who didn't or those whose
[00:15:15] system wasn't updated found such solutions.
[00:15:19] They either left it at 99,
[00:15:22] or the screen remained blank, or
[00:15:26] it became 000, or they pasted
[00:15:29] paper, or they dropped the kuruş.
[00:15:32] So, we started the day with
[00:15:35] such solutions, such a confusion, with
[00:15:39] the process of getting used to
[00:15:42] 100 lira. Gas stations are not
[00:15:45] ready. I also saw 000
[00:15:49] when I was coming from the
[00:15:53] Anatolian side. Our pockets are
[00:15:56] not ready at all. Minister of
[00:16:00] Treasury and Finance Mehmet Şimşek said
[00:16:03] yesterday that diesel is around
[00:16:07] 100 lira here, but it's 150
[00:16:11] lira in Europe. So, he said
[00:16:14] it's cheaper here and more expensive
[00:16:17] in Europe. Then we sat down,
[00:16:20] and of course, everyone thought
[00:16:24] of salaries and purchasing power.
[00:16:27] So, we wondered if our purchasing
[00:16:31] power would be enough for 100
[00:16:35] lira. How much are our salaries
[00:16:38] and how much are European salaries?
[00:16:42] We also calculated how much each
[00:16:45] person can afford. On the one
[00:16:49] hand, we turned to the US
[00:16:52] Central Bank, the Fed, which
[00:16:55] increased interest rates by a
[00:16:58] quarter point after 3 years. Trump
[00:17:02] went crazy. He said, "Lower the
[00:17:05] interest rates!" He said, "In this
[00:17:09] inflationary environment, I have to
[00:17:12] pull this weapon, I am increasing
[00:17:16] interest rates." Inflation in
[00:17:20] the US is 3.4%, and
[00:17:23] they are also experiencing fear of
[00:17:27] inflation. We will follow all these
[00:17:30] developments and elaborate on them for
[00:17:34] you. If my struggle with the
[00:17:38] headphones ends, I will hear
[00:17:41] the blessings of the director. What
[00:17:45] can we do? May the audience
[00:17:48] forgive us. I will hear you
[00:17:51] children by doing this. I have
[00:17:55] a test with headphones. Yes,
[00:17:59] the cash flow in Turkey is
[00:18:02] with you. The sound flow was
[00:18:06] cut off. My connection with the
[00:18:10] director was cut off, but I
[00:18:13] can hear you now, please forgive
[00:18:16] me. I will also welcome my
[00:18:20] guests, but it's cold here, and
[00:18:23] Ceren has also gone to the
[00:18:27] gas stations. We started a
[00:18:31] chaotic day yesterday. There was an
[00:18:34] increase, but it couldn't be displayed
[00:18:38] on the screen. We used paper
[00:18:41] and pen. Those who didn't use
[00:18:45] it displayed 100 lira. What's happening
[00:18:48] at the gas stations? The citizens'
[00:18:51] problem is separate, and the gas
[00:18:55] stations' problem is separate. Today,
[00:18:58] public bus drivers and members of
[00:19:02] the tradesmen's chambers will protest in
[00:19:06] Ankara. They are asking how
[00:19:09] they will live and what they
[00:19:13] will do with these diesel price
[00:19:16] increases, and what will happen to
[00:19:20] them when everything from needles to
[00:19:23] thread becomes more expensive. Let's
[00:19:27] see what the situation is at
[00:19:31] the gas stations. Ceren Oral will
[00:19:34] tell us. For the first
[00:19:37] time in Turkey's history, a liter
[00:19:41] of diesel has exceeded 100 lira.
[00:19:43] And it is currently trading
[00:19:47] at 101 lira on the signs.
[00:19:51] The difference between gasoline and diesel
[00:19:54] is 20 lira. I'll immediately step
[00:19:58] out of the frame so Mehmet
[00:20:01] Ali Şener can show you the
[00:20:04] table. Just two days ago, when
[00:20:07] we were broadcasting here, it was
[00:20:10] 96 lira. While we were
[00:20:13] wondering if there would be an
[00:20:15] increase or not, and if the
[00:20:19] SCT would come at the beginning
[00:20:23] of October, the increase came.
[00:20:25] An increase of 688 kuruş.
[00:20:28] It was reflected on the signs
[00:20:32] at midnight, and a liter of
[00:20:36] diesel rose to 101 lira 6
[00:20:40] kuruş. Above that, we see
[00:20:43] gasoline, which is 81 lira 6
[00:20:47] kuruş per liter. Autogas is
[00:20:50] trading at 32 lira 98 kuruş.
[00:20:54] So, we are actually feeling
[00:20:57] the effects of the war in
[00:20:59] the Middle East here, but at
[00:21:03] the same time, no action is
[00:21:07] being taken to prevent it, because
[00:21:11] ship traffic in the Strait of
[00:21:14] Hormuz has come to a standstill.
[00:21:18] Of course, when
[00:21:21] there is a decrease in oil
[00:21:24] shipments, prices put upward pressure
[00:21:28] on prices. Before the war, Brent
[00:21:31] crude oil was around 70 dollars. Currently, it is
[00:21:35] progressing at 105 dollars. For example,
[00:21:39] you came here to the gas
[00:21:43] station, and you are going to
[00:21:46] fill your vehicle. If you have
[00:21:50] a 40-liter tank, the cost of
[00:21:54] filling a tank in Istanbul is
[00:21:57] 4011 lira. In Ankara,
[00:21:59] it is around 4057 lira.
[00:22:03] So, we are actually talking
[00:22:06] about very high figures. It's
[00:22:10] a budget issue here for citizens
[00:22:13] to fill up their cars at
[00:22:17] gas stations to travel. But
[00:22:20] on the other hand, there are
[00:22:24] working people. We talk to them here,
[00:22:28] and they say they can't afford
[00:22:31] these costs. Of course, it
[00:22:35] won't be limited to this if
[00:22:37] it's not prevented. As you know,
[00:22:41] diesel has also been removed from
[00:22:45] the mobile application. A 3-lira SCT
[00:22:48] started to be collected on September
[00:22:51] 1st. Now, another 6 lira will
[00:22:54] come in October, 9 lira in
[00:22:58] November, 12 lira in December,
[00:23:02] and the determined SCT amount will
[00:23:05] be 13.90 lira on January
[00:23:09] 1st, 2020. So, it won't
[00:23:12] stay at these levels only. Even
[00:23:15] if there is no increase, we
[00:23:19] can say that this price will
[00:23:22] multiply even more with the SCT
[00:23:26] coming every month. Here, for
[00:23:30] example, we see 100 lira on
[00:23:33] the signs. When we look at
[00:23:37] other stations on the road, we
[00:23:40] see that those systems have not
[00:23:43] yet been implemented. So, how
[00:23:46] is this? This means a separate
[00:23:50] cost. Since these are digital,
[00:23:53] the automatic system can be updated
[00:23:56] on new signs. But this update
[00:23:59] could not be done on the
[00:24:03] signs of old gas stations. For
[00:24:06] example, at some stations, they have
[00:24:09] written it by hand with paper
[00:24:13] in large fonts. Or we only
[00:24:17] see zeros. They need to be
[00:24:20] updated again. you applied today,
[00:24:23] will set the price on October 15th, and will make the payment within the following ten business days,
[00:24:27] announced a plan to make one payment per month for
[00:24:30] 6 funds. And
[00:24:33] also Emre Tezmen,
[00:24:36] Tera's manager, chairman of the board, made
[00:24:39] a statement, saying that in order to prevent
[00:24:43] the thousands of savers who trust these institutions and the institutions within Pusula Finans Holding
[00:24:46] that are experiencing difficulties in our sector from being victimized, we
[00:24:50] have put our hands under the stone. As Tera, we have made an agreement
[00:24:54] to acquire Pusula. So, Pusula Finans experienced difficulties in our sector.
[00:24:58] In order to prevent these difficulties from victimizing investors and
[00:25:01] putting the sector in trouble, we have accepted all responsibility,
[00:25:05] put our hands under the stone, and reached an agreement. He said
[00:25:08] that this was to prevent the system from getting stuck and to prevent investors from being victimized.
[00:25:12] He said that they did not want our citizens to be harmed,
[00:25:15] or our country's financial system to be harmed. However, unfortunately...
[00:25:18] He says that they are subject to a speculative attack
[00:25:22] by malicious forces. He says "malicious forces".
[00:25:25] I don't know that. I will ask you about it.
[00:25:28] He says that the malicious forces carried out a planned,
[00:25:31] aggressive, speculative attack on them.
[00:25:35] He says that the reason for this is that
[00:25:38] they are a domestic and national company, and the true children
[00:25:42] of this nation have become stakeholders
[00:25:45] in the economy. He says that the malicious forces who do not want this
[00:25:49] have carried out a planned attack on them. This sounded to me like an announcement saying "don't arrest us".
[00:25:52] He says, "I am also addressing our esteemed President from here." He says there is a serious call
[00:25:56] for the President to protect them. He sends his love and respect
[00:26:00] in this text. Then he says
[00:26:02] that this
[00:26:05] is a temporary liquidity problem, do not be afraid,
[00:26:09] and we ask all our regulatory institutions, especially
[00:26:12] the Capital Markets Board, to take the necessary steps
[00:26:15] against these extraordinary movements, and
[00:26:18] we want to believe that they will take these steps.
[00:26:22] Meanwhile, info investment, wait a minute, let's
[00:26:26] not forget this sentence. In the last
[00:26:30] paragraph, friends, give
[00:26:34] me the previous one. I'll read from here.
[00:26:37] He says that while these speculative attacks against
[00:26:40] our group continue, the attitude of those
[00:26:43] who shy away from taking responsibility or remain
[00:26:47] silent in this process will not shake
[00:26:50] our determination. What does this mean?
[00:26:53] So, those who remain silent,
[00:26:56] I guess in the public sector,
[00:27:00] he is referring to the financial managers.
[00:27:07] So, did the Financial Stability Committee
[00:27:10] make a statement today about the meeting
[00:27:13] it held until now? So, he is saying something like, did
[00:27:17] you not find the malicious forces in the public sector or in the management
[00:27:20] and did not pull us out from in front of them? Yes, he means you did not support us.
[00:27:24] Who are the malicious forces? We will tell you very clearly about the malicious forces.
[00:27:27] You go on to info now. I read the last
[00:27:31] paragraph for that reason. It's important. It
[00:27:34] blames some in power. It blames some in economic management,
[00:27:38] because these malicious forces are attacking us.
[00:27:42] They say it's planned. We are a domestic company, the true children of the economy are becoming stakeholders
[00:27:45] in the economy. Are you just watching? Is that what he means? So,
[00:27:49] these malicious forces are not domestic and national, then?
[00:27:52] It's not domestic, then it's like that. Also, the phrase "malicious forces"
[00:27:56] is very political, meaning it's been used by the government for years.
[00:27:59] While we are putting
[00:28:10] our hand under the stone, he also says that
[00:28:13] while they have taken their place in the economy as
[00:28:17] the true children of this country, malicious forces are attacking them.
[00:28:20] In the section you read, he says you are also watching.
[00:28:23] Yes, we will do something now.
[00:28:27] You are left watching. So, which institutions in economic management
[00:28:31] or ministry? Is he referring to the SPK? Because this is not the SPK in the last paragraph.
[00:28:35] This probably refers to the Central Bank, banks,
[00:28:38] those kinds of things, meaning probably treasury management.
[00:28:41] I say probably. The chairman of Hedef Holding and Info Yatırım Holding,
[00:28:44] Namık Kemal Gökalp,
[00:28:47] of Info Investment, that is, Hedef Holding and Info Investment,
[00:28:51] was also detained. Hedef Holding's assets
[00:28:54] are approximately 9 billion liras, and Info Investment has a balance sheet
[00:28:58] size of 38.6 billion liras. Meanwhile,
[00:29:01] an investigation has been launched against the former chairman of Borsa Istanbul
[00:29:05] due to his social media posts. So much has happened yesterday.
[00:29:08] Almost every development that would affect the stock market
[00:29:11] has taken place. İbrahim Turan, the former stock market
[00:29:15] chairman, an investigation was launched
[00:29:18] against him due to his social media posts. The reason is
[00:29:22] that the posts could cause fear and panic among investors.
[00:29:25] This morning, the Financial Stability Committee
[00:29:28] met. 6 million investments in funds.
[00:29:31] A size of 11 trillion liras is calculated according
[00:29:35] to MKK data. Therefore,
[00:29:38] these funds have grown very rapidly recently. Both money
[00:29:41] market funds and stock funds.
[00:29:44] As the number of investors also increased, 500 thousand accounts are mentioned
[00:29:48] in Tera and Pusula. Of course,
[00:29:52] enormous sizes were formed. There are funds that reach a value
[00:29:55] as large as Tüpraş, Turkey's largest company. There are funds that exceed Turkcell by 4-5 times.
[00:29:59] Now, when there is selling pressure, and when stocks are sold rapidly,
[00:30:02] the market value dropped. Problems were experienced with payments.
[00:30:05] The Financial Stability Committee covers a limited
[00:30:09] area. The problem will not spread,
[00:30:13] and the liquidity problem will also be solved.
[00:30:16] Therefore, we expect
[00:30:18] the statements to be resolved. For example, a problem. Now, think of it this way,
[00:30:22] I am giving an exaggerated example.
[00:30:26] You bought the shares of a company worth 100 million.
[00:30:29] With transactions,
[00:30:32] you increased a company with a normal market
[00:30:36] value, a normal IPO value, weighted value
[00:30:40] of 100 million, to 100 billion liras
[00:30:43] with speculative transactions. You increased
[00:30:46] its market value to 100 billion liras. Now, as collateral, you say, here
[00:30:50] is 100 billion liras of collateral, there is a company,
[00:30:54] look, 100 billion liras, the stock market price is like this. Which money
[00:30:57] fund will give money for this now?
[00:31:00] If you try to sell
[00:31:03] this company, for how much will you sell it?
[00:31:06] There are no buyers. Such happiness schemes,
[00:31:09] professor. I wish it had been done
[00:31:12] and these funds had been audited in time.
[00:31:22] Now, Mehmet Şimşek drew attention to this issue last December,
[00:31:25] as you know. I mentioned it before, it was October last year.
[00:31:29] On October 10th, I wrote
[00:31:32] about this issue on Halk TV, and I repeated
[00:31:36] these things in the "Why and What Happened"
[00:31:39] program before you. For a year, I have been intermittently
[00:31:42] warning about the risks of this fund
[00:31:46] market. Now let's come to the malicious
[00:31:49] forces. Now, professor, is this a liquidity
[00:31:53] crunch, a temporary liquidity crunch, a system
[00:31:57] thing, a system problem? Meaning the inflated
[00:32:00] prices are left without
[00:32:03] a counterpart. As I said,
[00:32:06] you made a 100 million company 100 billion,
[00:32:10] there are no buyers. So, these inflated
[00:32:13] prices are returning to their place, coming to equilibrium. When you buy, it rises, but
[00:32:17] when you sell, it falls very quickly. Now, there are two ways here. You will either say
[00:32:21] that whoever made money while bringing this from 100 million
[00:32:25] to 100 billion, whoever made money,
[00:32:27] you will seize their assets. They will take
[00:32:31] this to If you nationalize this,
[00:32:35] be careful, if you nationalize
[00:32:38] it,
[00:32:40] you will be nationalizing a company that is not worth 100 billion.
[00:32:43] "There are many such companies now. It's not just one. There are
[00:32:47] 5-10 such companies. So, the SPK also announces
[00:32:50] measures. The values are billions.
[00:32:54] For example, Kerim Rota mentioned a factoring company.
[00:32:57] It has a market value of over 800 billion.
[00:33:00] So, it's almost half of the Turkish
[00:33:03] economy, meaning 1.7
[00:33:06] trillion dollars. So, there is a factoring company that is half the size of the Turkish economy.
[00:33:10] Now, if you nationalize this, what will happen? 800 billion."
[00:33:13] Will you be able to sell this for 800 million?
[00:33:16] Now, here, let's
[00:33:19] look at the background. Contagion effect. Yes,
[00:33:23] there may be a risk of contagion effect. These need
[00:33:27] to be highlighted. I don't follow the stock market much. So,
[00:33:30] there are winners and losers in the stock market. But
[00:33:33] when I look at bond yields, for example, it affected bond yields yesterday.
[00:33:37] It affects interest rates. Interest rates increased by nearly 2 points.
[00:33:40] Now, bond yields increasing by nearly 2 points
[00:33:44] for a few days, short-term bond yields increased from 39.5 to 41.5.
[00:33:48] These are other things that will affect the market. Yesterday, we shared
[00:33:51] Mr. Mert's post.
[00:33:54] What does he say in that post? If these
[00:33:57] fund markets
[00:33:59] are negatively affected, money may flow to other
[00:34:03] areas. These risks also need to be taken into account.
[00:34:05] But more importantly, let's come to the malicious
[00:34:09] forces. Now, first of all, dear viewers, Pusula's
[00:34:12] subsidiaries include Katılım Evi. They have a "Bir Evim" (My Home) company.
[00:34:16] Investors are now expecting a statement from them, dear viewers.
[00:34:19] Now, let me go step by step. First,
[00:34:23] Pusula. When you say Pusula, you see in public
[00:34:27] a 28-year-old young
[00:34:29] man, an AK Party
[00:34:33] youth, 28 years old,
[00:34:36] who has taken hundreds of billions of liras in funds,
[00:34:40] grown them, managed them, such inflated things.
[00:34:43] His father and he himself have continuously
[00:34:47] received penalties, but he is an AK Party youth. When you look at Tera,
[00:34:50] it's also AK Party, meaning
[00:34:53] again, the extended arms of the AK Party. Info is
[00:34:57] already people who left Yenişafak, also AK Party.
[00:35:00] So, all these systems
[00:35:02] that have been formed, all these systems
[00:35:06] we are talking about, are AK Party. All of them.
[00:35:09] It has nothing to do with the opposition.
[00:35:12] All of them were established by AK Party members.
[00:35:15] Professor, the problem is not that they are party members.
[00:35:19] The problem is why there is such a problem here, why am I saying
[00:35:22] AK Party? Ebru Hanım, from this perspective,
[00:35:25] these kinds of transactions are recorded.
[00:35:28] The authorized institutions of the market
[00:35:32] see them instantly. I mean, even Mehmet Şimşek warned,
[00:35:35] as I said. I wrote it last October. Mehmet Şimşek warned in December.
[00:35:39] You are not managing the economy, so you warn.
[00:35:42] But I will draw attention to this now. I will tell you the meaning
[00:35:46] of Mehmet Şimşek's warning. So,
[00:35:49] even the Minister of Treasury and Finance warned that there is a problem
[00:35:52] here, there is manipulation in the funds, last year.
[00:35:56] The relevant institutions, the relevant public institutions,
[00:36:00] see these transactions recorded minute by minute.
[00:36:04] Therefore, why AK Party members?
[00:36:07] So, why did the relevant institutions not intervene
[00:36:10] in this system, which everyone, even Mehmet Şimşek, warned
[00:36:14] about for a year? Why did public
[00:36:17] institutions not take measures for a year?
[00:36:21] That's why I say all of them are AK Party members.
[00:36:24] Did the risk arise today? No, the risk did not.
[00:36:28] Meanwhile, the SPK banned the owners and managers of Pusula e-Portföy Holding
[00:36:32] from trading. That's not a big deal. Now,
[00:36:36] they also banned others
[00:36:39] from trading. So, are you saying there is a political
[00:36:43] disagreement in the background? Now, if no, no.
[00:36:46] You are now through public institutions,
[00:36:49] whether they turned a blind eye, or didn't see it,
[00:36:53] we don't know what kind of network it is. This system,
[00:36:56] they created what we can call the chains
[00:36:58] of the system. As I said, all of them are AK Party members.
[00:37:02] So, if an opposition member
[00:37:05] bought 3 or 5 shares, they would be immediately hanged.
[00:37:08] They cannot enter this system, absolutely not.
[00:37:12] Now, if there is a malicious entity here,
[00:37:15] if it's as Emre Tezman says, everyone
[00:37:18] needs to look in the mirror in this system. So,
[00:37:21] they shouldn't look at anyone from outside.
[00:37:24] They did it themselves. They did it themselves. Now,
[00:37:28] the Ministry of Treasury and Finance has a dilemma. What
[00:37:31] is the dilemma? Now, you have a company worth 100 million,
[00:37:35] for example, as I gave the example earlier, worth 100 billion liras. How will
[00:37:38] you fund this? Through which public resources
[00:37:42] will you be able to transfer money here?
[00:37:45] You transferred money here through the Money Market Fund.
[00:37:47] What will be the collateral tomorrow?
[00:37:51] Now, I am looking at the statement of the Financial Stability
[00:37:55] Committee and the statement of the Central Bank.
[00:38:00] In the funds, two major portfolio
[00:38:03] companies are mentioned as having 500,000 accounts.
[00:38:07] This information is obtained from the records. It is estimated to be so.
[00:38:10] The record data states this, and it says
[00:38:14] that it defaulted. So, Tera, who wants
[00:38:17] to buy it afterwards, says that it defaulted
[00:38:20] on two funds, stock and money market funds.
[00:38:24] The investor wants their money, and it says it cannot make payments.
[00:38:27] For its six funds, it says it will set a price once
[00:38:30] a month, and it will pay
[00:38:33] your money 10 business days after setting the price.
[00:38:37] It says it will make one payment a month. You said earlier that these news
[00:38:41] are not easy news. So, first, they said
[00:38:44] that the responsibility for Tera's acquisition of Pusula
[00:38:48] was not theirs, but then they made a statement saying
[00:38:51] that they are acquiring it to help. Isn't there a contradiction there?
[00:38:55] Now, it's like this.
[00:38:59] When Pusula got into trouble, and
[00:39:03] the system there cracked, when the walls
[00:39:06] cracked, there are things that Bahadır Özgür
[00:39:10] also wrote about, that they need to be saved.
[00:39:13] Emre Tezmen's statement also gives hints
[00:39:17] about that. So, what was he saying? Friends,
[00:39:21] can you bring back the previous thing? The system
[00:39:24] should not fall into instability, and this problem should not escalate.
[00:39:28] To protect investors, we put our hand under the stone.
[00:39:31] Let me read Emre Tezmen's previous tweet,
[00:39:34] his statement, from there, because Emre Tezmen
[00:39:37] also says there that this
[00:39:41] will be a big responsibility. Look, this is a very important sentence.
[00:39:44] I want it to be well known that
[00:39:48] while these speculative attacks against our group continue,
[00:39:51] the attitude of those who shy away from
[00:39:54] taking responsibility or remain silent is a very
[00:39:58] important sentence. This is a very important thing. So, he says that everyone remained silent
[00:40:01] for Pusula. We put our hand under the stone.
[00:40:05] Then he says that they became targets of malicious forces, and they were not supported either.
[00:40:09] That's what it means.
[00:40:11] We were not supported either.
[00:40:13] How will you give it? What will you give? Who are the malicious
[00:40:17] forces now? You say those who remain silent are public institutions.
[00:40:20] So, here, probably when you say public institutions,
[00:40:23] you mean the decision-making management, the economic management?
[00:40:27] That's a good question.
[00:40:30] He says that an agreement has been reached, but payment has not been made,
[00:40:33] and the approval process has not been completed, as far as I understand.
[00:40:37] How did it put its hand under the stone? By making an agreement?
[00:40:40] By announcing that it will buy?
[00:40:43] And if you remember Tera, Tera had already
[00:40:46] announced earlier that it would buy
[00:40:50] some of Pusula's shares for about 10 billion liras.
[00:40:54] So, it had made an announcement for an acquisition of up to 10 billion liras.
[00:40:59] It had said that Tera would buy it for Katılım Evi.
[00:41:02] Yes, now, last Friday,
[00:41:05] Tera said that negotiations had started
[00:41:09] and that it would acquire it, and then on Sunday evening,
[00:41:12] it suddenly said that it had acquired it. But then on Monday,
[00:41:15] it said that official approval had not yet been received from official institutions.
[00:41:19] It said it acquired it, but official approval had not been received.
[00:41:22] What is the situation? We don't know what the situation is.
[00:41:25] So, Pusula's statements are like this. We entered
[00:41:40] its target. We were attacked. Now,
[00:41:44] it expects you to take measures. Malicious forces cannot be the opposition.
[00:41:48] The opposition is currently not like that. To me,
[00:41:51] it's foreign. No,
[00:41:53] because it says that this system,
[00:41:57] it says somewhere that even if it's foreign,
[00:42:01] where was it? It says somewhere that even if it's foreign,
[00:42:05] they can't handle it, but we are domestic and national. It says they don't want this.
[00:42:08] He says they are targets of malicious forces. Yes,
[00:42:12] we, as the true children of this country,
[00:42:15] he says, have become important
[00:42:19] actors in this economy. He says they don't want this. So, there is a serious
[00:42:22] thing here too, a direct
[00:42:25] appeal to the government, a sort of escape
[00:42:28] from the penal situation that responsibility brings.
[00:42:32] It seeks refuge, so to speak. They say what is it called?
[00:42:35] It asks for help. After that, one side.
[00:42:49] The fact that it is being used
[00:42:52] as a tool for such demands deeply saddens
[00:42:55] me. What does it have to do with being domestic and national?
[00:42:58] There is a serious breach in this country's economy right now.
[00:43:02] Yesterday, 583 stocks fell on the stock market.
[00:43:06] It is stated that over 100, 60 stocks hit the lower limit.
[00:43:10] 112 stocks were also very close to the lower limit.
[00:43:13] Here, not only those who invest in funds,
[00:43:16] but also those who invest in stocks have lost seriously.
[00:43:18] Contagion effect. There are losers.
[00:43:22] Well, aren't there big winners? When these
[00:43:26] funds, these stocks, were rising,
[00:43:28] there were also winners. That's why I'm saying that the winner
[00:43:32] can also lose. I'm not looking at the stock
[00:43:36] market individually.
[00:43:40] Rather than trying to understand what happened in each event,
[00:43:43] I'm trying to give the general macro. The general
[00:43:47] macro is this: all these structures,
[00:43:49] all these formations, all these structures created by price inflation
[00:43:52] are AK Party members. All of them.
[00:43:56] They received some favors,
[00:44:00] they were ignored. I repeat, even Mehmet
[00:44:04] Şimşek warned. Everyone warned. Everyone in the public
[00:44:08] warned. Mehmet Şimşek.
[00:44:11] But institutions were late
[00:44:14] in taking measures. In fact, the SPK chairman
[00:44:17] changed during that process.
[00:44:21] Who attended the meeting now? I will tell you
[00:44:24] now. This structure is entirely
[00:44:28] under the AK Party government. Now, if for example,
[00:44:31] yesterday, I saw a tweet from someone from the AK Party.
[00:44:34] It was probably Prosecutor Sayar. He says this is an operation
[00:44:37] against our President. Brother,
[00:44:41] these are all your children. All these children are yours.
[00:44:44] Why would there be such an operation? Why is there no one
[00:44:48] here but your children? We are domestic and national.
[00:44:52] You are domestic and national. These systems were established entirely
[00:44:55] by your children. Prosecutor, if
[00:44:58] those children say we were attacked by malicious forces, what kind of attack?
[00:45:02] A company worth 100 million. But if you are a company as big as Tüpraş,
[00:45:05] with a large market value, can't
[00:45:08] you make this payment to investors? I'm asking because I don't know, sir.
[00:45:12] I mean, let's say you reached a market value as big as Tüpraş,
[00:45:15] you reached such a fund value. When an investor asks
[00:45:19] for their money, shouldn't you be able to meet it?
[00:45:22] That fund value, Ebru Hanım, is now
[00:45:26] a company on paper worth 800 billion. It's a factoring
[00:45:30] company. You are also a partner in the fund. You are selling
[00:45:33] the fund, you are asking for money from the fund. What does the fund do now?
[00:45:37] It will sell that stock and pay you money. There are no buyers.
[00:45:40] It cannot sell the stock, or it falls very quickly.
[00:45:44] The market value is falling. No buyer comes forward
[00:45:48] for an 800 million or 80 million company at a value of 800 billion.
[00:45:51] Why didn't you buy it? So, if such a situation can happen,
[00:45:55] shouldn't you consider whether you are strong enough to pay the investors
[00:45:57] without defaulting?
[00:46:00] They brought the system. Such systems,
[00:46:04] as I wrote last year, such systems
[00:46:07] will eventually collapse.
[00:46:10] I give the example many times. If you say Seçil Erzan
[00:46:14] committed a crime, I say they committed
[00:46:17] thousands of times that crime on the stock market
[00:46:20] through these structures.
[00:46:23] And they affected all investors.
[00:46:26] Currently, all of them are AK Party members. Now, with the contagion effect,
[00:46:29] even the very solid, very reliable
[00:46:33] stocks that have nothing to do with these things
[00:46:36] are affected. Contagion effect. But I'm going beyond that.
[00:46:39] I'm saying that those who invest in the stock market will say,
[00:46:42] "Brother, the stock market is a risky market, it goes up and down."
[00:46:46] My company's financial
[00:46:49] situation is like that. I will tell you this finance.
[00:46:59] In the end, it will quickly return to equilibrium. There is no problem
[00:47:03] with them. There is a problem with this speculative and
[00:47:06] manipulative thing. But another area
[00:47:10] of contagion effect, I repeat,
[00:47:13] is interest rates. Another area
[00:47:16] is that in the future, if trust is lost, measures may be needed in the foreign exchange market.
[00:47:20] Measures in the interest rate market. You said that yesterday,
[00:47:24] we shared Mert Yılmaz's tweet. Mert Yılmaz says that
[00:47:28] money will go to foreign currency if there is a loss of trust here.
[00:47:32] Therefore, ensuring trust, I said
[00:47:35] that yesterday for that reason, ensuring trust in the markets
[00:47:39] with transparency and openness. They just started,
[00:47:43] but they just started. Today's morning meeting was attended by Minister of Treasury and Finance Mehmet Şimşek,
[00:47:46] BRSA Chairman Şuhap Kavcıoğlu, Central Bank Governor Fatih Karahan,
[00:47:50] SPK Chairman Mahmut Sütçü, "fund TMSF Chairman
[00:47:54] Savings Deposit Insurance Fund Fatin Rüştü Karakaş.
[00:47:57] The chairmen of all regulatory and supervisory
[00:48:00] institutions attended with the Minister of Treasury and Finance, and a statement was made.
[00:48:04] They say there is a problem with certain
[00:48:07] funds, it's a liquidity
[00:48:10] crunch, and they don't see it spreading or being a big problem.
[00:48:14] In summary, the Central Bank also announced measures, and the SPK will make
[00:48:18] new announcements. The SPK also banned
[00:48:21] Pusula's executives from trading." Will it be enough? Let me ask
[00:48:25] right away. Let's increase liquidity.
[00:48:28] Banks will have easier access to liquidity.
[00:48:32] A liquidity abundance will be created in the market.
[00:48:36] The Central Bank announced it would do this. Now, let's go back to my previous
[00:48:39] example. A factoring company worth 800 billion liras.
[00:48:43] coming out a lot. Kaşif received a fund, the investor
[00:48:46] sold that fund, the fund is trying
[00:48:50] to sell shares to pay back the money in return for
[00:48:54] the fund the investor is trying to sell. It can't sell, there are no buyers, 800
[00:48:57] billion, a company of 80 million for 800 billion liras or
[00:49:01] 800 million, whatever it is,
[00:49:04] a stock that has increased 1000 times, 2000 times in the stock market has no buyers, it's a bubble, so now
[00:49:08] what happens when there are no buyers? The fund enters a liquidity
[00:49:11] crunch. How will you
[00:49:15] now fund a company that has inflated to 800
[00:49:18] billion liras with a fictitious value, through the money market with weekly
[00:49:23] repos, with Central Bank resources to prevent its spread
[00:49:26] to other places? Uh
[00:49:30] new new new new steps have
[00:49:33] to be taken. Look, I don't know what kind of
[00:49:36] steps they will be, but there are various
[00:49:40] suggestions to increase liquidity, to facilitate access to liquidity. That's how I understood it. Now, how
[00:49:43] will we facilitate this liquidity?
[00:49:46] But we don't know that. He says
[00:49:49] he will hold weekly repo auctions. He says there is a certain
[00:49:52] restriction on banks regarding liquidity. He says
[00:49:56] he will ease them, he says he will make it easier. Okay, but
[00:49:59] for an 800 billion or 100 billion inflated
[00:50:02] stock fund, what is the equivalent
[00:50:06] of what amount? I don't understand, I don't know,
[00:50:09] who knows? No one knows. So how much liquidity
[00:50:12] is needed and how will you help whom?
[00:50:15] I think they won't give information about this
[00:50:19] because they are trying to instill confidence in the market. Because that's the essence of the matter. Also,
[00:50:23] banks, banks are provided with liquidity
[00:50:26] through
[00:50:29] the money market. Now, Ms. Tuğba, the issue is, you
[00:50:32] used to, for example, what did you do with funds? There is a stock fund here,
[00:50:36] a stock fund, and there is a money fund here. Both belong to
[00:50:40] the same person. This stock
[00:50:43] fund used to borrow from the money fund
[00:50:46] to raise the stock, borrowing from the money fund
[00:50:50] at a high repo rate.
[00:51:00] That's a crime, isn't it, sir? No, teacher, it's a normal fund. In funds, it's a normal fund,
[00:51:03] but it's inflated and considered
[00:51:06] manipulative. They themselves are saying
[00:51:09] it now. We can say it today because
[00:51:12] the CMB has penalized these funds for manipulation
[00:51:15] today. Okay, so today, today
[00:51:19] all of them have been banned from trading. Yes, okay.
[00:51:31] it has indirectly announced that, I mean,
[00:51:34] with a trading ban, it says that here,
[00:51:38] manipulative transactions have been made, therefore, a trading ban has been issued
[00:51:41] to these and these people. Now,
[00:51:45] how will we overcome
[00:51:48] this liquidity with money? For example, you go to Tüpraş.
[00:51:52] "You give money from the money market
[00:51:55] in return for Tüpraş's value or Koç Holding or Sabancı Holding's value,
[00:51:58] but how will you give it to the other
[00:52:01] company? How much will you give? For example. How much
[00:52:05] liquidity will you be able to provide? As we said,
[00:52:08] there is a factoring company
[00:52:12] with a value half of Turkey's Gross National Product. How will you give liquidity to this now?
[00:52:15] Whose money will you give? So this
[00:52:19] could be a nationalization method
[00:52:22] as well. 13,417 was
[00:52:25] bright red yesterday, as of this morning it has turned green.
[00:52:28] There is a 2.25% increase in Borsa Istanbul for those who are curious.
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[01:00:17] We are in the time zone. The economic
[01:00:20] news in the morning. The financial stability committee meeting. The successive
[01:00:23] statements and measures have reversed the decline in the stock market
[01:00:27] to an increase of over 2% as of this morning. Yesterday,
[01:00:31] it had closed with a 5.54% decrease.
[01:00:34] While we were following the developments there,
[01:00:38] we also saw the historical peak price
[01:00:40] for diesel in Istanbul. The signs show
[01:00:44] 101 liras and 60 kuruş. In some provinces, we saw prices exceeding
[01:00:47] 102 liras, approaching 103 liras. There will also be a tax increase
[01:00:51] at the beginning of October. Oil prices are at 105 dollars,
[01:00:55] with Saudi Arabia intervening a bit, but the tension
[01:00:58] is at its peak. As diesel
[01:01:01] prices increase, today, members of the public
[01:01:04] bus tradesmen's chambers will hold a protest
[01:01:08] in Ankara, at the district terminal. Eda Erdağ is following
[01:01:12] that development, I guess it's a reaction to diesel.
[01:01:16] How will we operate public buses? "How will we
[01:01:19] cover this cost? What will we do?" they will probably say,
[01:01:22] Eda.
[01:01:26] Ebru Baki, we are at the Başkent District Terminal. As you said, the price
[01:01:29] increase for diesel is met with reactions
[01:01:33] from many parts of the country. Bus drivers, public bus drivers
[01:01:36] are among them, among the tradesmen. My cameraman
[01:01:39] colleague Güven Dinçmen should show you. As we said, at the Başkent District
[01:01:43] Terminal today, bus drivers are protesting,
[01:01:46] by turning off their engines.
[01:02:04] We see their writings here. They will make a press statement, but on the other hand,
[01:02:08] my cameraman colleague should show you that
[01:02:10] many buses from various districts of Ankara have
[01:02:14] turned off their engines at the district terminal.
[01:02:30] They express that they expect support, saying that free
[01:02:33] transportation causes them losses, and doesn't cover the costs.
[01:02:37] They say they are facing a reality of tradesmen who lose money as they work,
[01:02:40] go into debt, and struggle to keep their vehicles running.
[01:02:44] In their press release, they will
[01:02:47] announce to the public later why they turned off
[01:02:51] their engines. Many buses today
[01:02:54] will not operate in Ankara and will not serve citizens,
[01:02:58] due to increased costs.
[01:03:08] The public bus drivers here announce that they have decided to turn
[01:03:11] off their engines. We are continuing to follow both the statement
[01:03:15] and the protests. Thank you.
[01:03:19] They say, "How will we
[01:03:22] provide this transportation, this public transport, at these prices?" and they turned off their engines.
[01:03:26] The members of the private public bus tradesmen's
[01:03:30] chambers are protesting the diesel price increase in a way.
[01:03:33] Now, we will discuss
[01:03:36] the diesel price increase and what will become of us.
[01:03:39] However, there
[01:06:26] the damages that these
[01:06:30] systems will cause to society
[01:06:34] will also create serious problems. That's the issue.
[01:06:37] But as I said, the main
[01:06:41] source of this
[01:06:44] are AK Party members. They are
[01:06:47] all targeting the same information, the same
[01:06:51] terror, the same compass. They are all AK Party members. So
[01:06:55] the order they established, their thing, doesn't concern us at all,
[01:06:58] actually. It doesn't concern us at all. What concerns us is not
[01:07:02] the stock market part. Does it spread to interest rates,
[01:07:05] just like bond interest rates? Does it spread to loan interest rates?
[01:07:08] Sir, does it spread to the foreign exchange market?
[01:07:12] For example, the Central Bank has been selling foreign currency for about
[01:07:16] a week. Will it strain us? Will it affect
[01:07:19] the real economy? What
[01:07:22] will be the effects of nationalization on public finances?
[01:07:25] We are discussing these from our perspective.
[01:07:29] Otherwise, the grave
[01:07:51] was opened, the grave of Kaşif
[01:07:54] Kozinoğlu, the former MIT
[01:07:57] inspector, a MIT member, and also
[01:08:01] a person responsible for Central Asia, working abroad
[01:08:05] for MIT. Actually, we used to hear the name
[01:08:08] Kaşif Kozinoğlu years ago, but no one knew his face. He became
[01:08:20] a person whose photos with his scarf
[01:08:23] in front of the cameras were published extensively.
[01:08:27] He died in Silivri prison. 15 years
[01:08:30] later, his grave was reopened to determine if he was poisoned,
[01:08:33] given medication, or if it was really a heart attack.
[01:08:37] The investigation continues. There were also detentions
[01:08:40] before.
[01:08:42] The opening of his grave is a new development.
[01:08:46] His photos from his youth until the time he served
[01:08:50] in the special operations are now
[01:08:53] Kuzinoğlu was a MIT
[01:08:55] member. He worked for MIT for 17 years.
[01:08:59] Before that, he was in special operations.
[01:09:01] An investigation continues regarding his suspicious death in prison, conducted
[01:09:05] by the Istanbul Provincial Gendarmerie Command under the coordination of the Silivri Public Prosecutor's Office.
[01:09:09] They say that
[01:09:15] within the scope of this investigation, arrest and detention warrants
[01:09:18] have been issued for the former Silivri Chief Public Prosecutor, the former Prison Prosecutor, and
[01:09:22] two of Kozinoğlu's cellmates, meaning four suspects.
[01:09:26] So, there is an arrest warrant and a detention
[01:09:28] warrant for the then Silivri Chief Public Prosecutor, the Prison
[01:09:32] Prosecutor, and two of Kozinoğlu's cellmates,
[01:09:35] meaning four suspects.
[01:09:38] An operation is being carried out simultaneously
[01:09:42] in Ankara and Istanbul.
[01:09:45] Three suspects found in Cyprus
[01:09:49] are apprehended and taken into custody.
[01:09:52] One person is identified as being in Cyprus.
[01:09:54] Here, when they say cellmate,
[01:09:57] we understand that Atilla
[01:10:00] Uğur is one of the names
[01:10:04] taken into custody, right, kids? Cyprus. Yes, we understand
[01:10:07] that Hasan Atilla, who is in Cyprus, is one of the names for whom a detention warrant
[01:10:11] has been issued. "So, when they say
[01:10:14] cellmate, a detention warrant has also been issued for Oğuzhan Uğur's
[01:10:18] father, Atilla Uğur. Oğuzhan Uğur
[01:10:21] was in prison. Oğuzhan Uğur's father
[01:10:24] Oğuzhan Uğur was also in prison. An arrest warrant was issued
[01:10:28] and he was arrested within the scope of the Ahbap investigation.
[01:10:31] Now, within the scope of the Kozinoğlu investigation,
[01:10:34] two cellmates, the prison prosecutor
[01:10:38] and the Silivri Chief Public Prosecutor." So, during the Ergenekon process, he stayed
[01:10:53] inside for 5 years and more. He stayed
[01:10:57] inside. And this Kaşif Kuzinoğlu
[01:10:59] process, now, first of all, when I look at
[01:11:03] the statement of the esteemed minister, I don't find it very
[01:11:07] sincere that they say we will not leave any suspicious deaths
[01:11:10] from the past in the dark. Because
[01:11:14] there are many suspicious deaths
[01:11:17] that remain in the dark. Why not them, but
[01:11:20] this kind of situation? Of course it was done.
[01:11:23] Of course. So,
[01:11:26] there are people who were identified as a result of suspicious death
[01:11:30] and were released in a very short time. They are still
[01:11:33] among us. So I didn't understand
[01:11:37] what was prioritized here. I think
[01:11:40] there are other circumstances that none
[01:11:43] of us know about. This is my comment. Now, here, no one
[01:11:47] knows exactly why Kaşif Kozinoğlu's case,
[01:11:50] whether it was murder or not, is being investigated.
[01:11:54] First of all, we need to state this. So, no one still fully understands
[01:11:57] why. Of course, if there is
[01:12:01] a suspicious death, let it be investigated, and let us know, and
[01:12:04] let justice be served. But why now?
[01:12:07] Why is it going this
[01:12:11] way? We just can't understand it. Now, you know
[01:12:14] there was a FETÖ operation behind the Ergenekon
[01:12:18] process, I mean, Ergenekon Sledgehammer. Remember that period?
[01:12:22] Yes, and if we continue from here,
[01:12:25] FETÖ actually stands here as
[01:12:28] a terrorist organization. This Kaşif Kozinoğlu
[01:12:31] matter was expanded with the Valley of the Wolves
[01:12:34] issue, as you know. Mr. Kaşif's
[01:12:37] cellmates, there are three of them in the cell,
[01:12:41] if I remember correctly. But there is a third name, if I remember
[01:12:44] correctly, and a detention warrant has been issued for that name. Could you
[01:12:48] check that name? One is Hasan
[01:12:50] Atilla Uğur. There is one more name, a cellmate
[01:12:54] of his. Detention warrants have been issued for two names. Also, about
[01:12:58] Mr. Kaşif, I think it was Saadettin Bey, the journalist
[01:13:02] Hasan Ataman Yıldırım. Hasan Ataman Yıldırım is a cellmate, and also
[01:13:05] a journalist was detained.
[01:13:08] Hmm, yes, yes. We don't know anything about
[01:13:12] that right now. Actually, Selahattin Günday, Mr. Selahattin, sorry,
[01:13:16] I said Sadettin. Now, this Atilla Uğur had
[01:13:19] already been in prison in the past and then
[01:13:22] wrote and drew somewhere. He's not an unknown figure. I can say he's a known
[01:13:26] figure. There's a detail there.
[01:13:29] Mr. Kaşif was exercising in his cell
[01:13:33] and then suffered an illness. He needed
[01:13:37] to be hospitalized. The say
[01:13:40] there, the cell, that his body reacted
[01:13:43] to the exercise. Yes, his heart,
[01:13:46] that's what the records say. But
[01:13:50] his cellmates say that he did his usual
[01:13:54] exercise. He didn't
[01:13:57] exert himself excessively, he says. He has been
[01:14:00] exercising for years. Yes, then there is
[01:14:03] an execution officer, or officers. We know
[01:14:06] one of them is abroad. He says, "Did the ambulance
[01:14:10] arrive late?" He gives a statement
[01:14:14] that highlights the suspicious
[01:14:17] nature of the incident, and he is currently abroad.
[01:14:21] He says that after the alarm,
[01:14:24] the ambulance was called, but it arrived late. He presses
[01:14:27] the alarm, presses the button, but it's not heard
[01:14:31] for a while, then they intervene,
[01:14:34] then an ambulance is called, but it arrives late, there are such
[01:14:38] claims. Yes, so when we look at all these claims,
[01:14:41] they seem to point to a suspicious death. One of them is already a fugitive,
[01:14:45] I mean, his friends don't say he is a fugitive
[01:14:48] abroad, but a detention
[01:14:51] warrant has been issued. But now, this suspicious
[01:15:00] direct detention. Could it be that they detained these people
[01:15:03] as a way to get information? Detention and getting information have become intertwined
[01:15:07] in our legal system, unfortunately. So here,
[01:15:10] normally, it should just be to get information,
[01:15:13] and they seem to have given
[01:15:16] a statement in that direction, we see, but
[01:15:19] beyond that, perhaps there are other things.
[01:15:23] Now, beyond that, there might be a crime that necessitates
[01:15:26] their detention. If they are part of
[01:15:29] a network, where does this network
[01:15:33] lead? I know from the statements of
[01:15:36] the Minister of Justice, Mr. Akın Güllek, that he explained
[01:15:40] it as a detention order. Yes, a detention order.
[01:15:43] Sometimes
[01:15:45] they can also make an arrest instead of taking their statement. Because
[01:15:48] due to my past experiences, unfortunately,
[01:15:51] I cannot say anything definitive here anymore.
[01:15:58] As you can see on the screen, he participated in a program with his son.
[01:16:01] The former soldier was in prison for 5 years for Ergenekon, as you said.
[01:16:05] He says, "I'm in Cyprus, I'll return on the first plane."
[01:16:09] They called him as a suspect, which is
[01:16:12] a serious accusation. Now, we know
[01:16:16] that the people closest to Mr. Kaşif are his close
[01:16:18] friends from before. Therefore,
[01:16:22] taking his statement as a suspect
[01:16:26] is frankly a bit disturbing,
[01:16:29] I think. The critical thing here is that
[01:16:32] yesterday, Aytunç Erkin, the journalist Aytunç Erkin,
[01:16:36] made a very interesting analysis. He both wrote
[01:16:40] about it and talked about it.
[01:16:43] He says that the person who
[01:16:46] assigned Mr. Kaşif to MIT
[01:16:49] was Hakan Fidan. And this
[01:16:53] was the MIT Undersecretary at that time, wasn't it, Hakan Fidan?
[01:16:57] Yes, he says the tip of this investigation,
[01:17:00] the tip of this suspicious death investigation, could also reach Mr. Hakan.
[01:17:04] He makes such a deduction.
[01:17:07] This is interesting, it caught my attention.
[01:17:11] It's being discussed a lot in AK Party circles, yes.
[01:17:14] This Kozinoğlu case,
[01:17:17] since the day it opened, it has been discussed in AK Party circles
[01:17:21] that the end of this could reach Hakan Fidan.
[01:17:25] If we go back to the beginning, this was tried before, you know,
[01:17:28] and the target there was the esteemed president.
[01:17:31] Hakan Fidan gave him the news of the investigation
[01:17:34] when he was going into surgery, that's right. After that,
[01:17:38] the president gave his instructions before going into surgery.
[01:17:42] A very serious process was experienced during that period,
[01:17:46] yes, I mean, why is it not the FETÖ period, right? I remember correctly. Of course,
[01:17:49] such a progression was prevented. I don't remember the details,
[01:17:53] but now eyes are
[01:17:57] turning towards this. As I said, why now?
[01:18:00] When there are so many dark
[01:18:03] suspicious deaths and so on, why now? Why this?
[01:18:06] When we think about it, I get the impression
[01:18:10] that we are at the beginning of a process that
[01:18:14] will be linked to something else that we don't know about.
[01:18:17] Also, you know, the Valley of the Wolves Ambush
[01:18:20] team was also taken, their statements were taken,
[01:18:24] I mean, their information was consulted.
[01:18:27] But they did that in the form of detention. No, they called them for
[01:18:31] a statement. Is calling for a statement considered detention?
[01:18:35] Witness. Witness.
[01:18:48] An investigation
[01:18:55] was launched regarding the Valley of the Wolves, of course, regarding the series, regarding that period.
[01:18:59] Yes, when you watch the relevant
[01:19:01] clip, just two
[01:19:03] days before Mr. Kaşif's death,
[01:19:16] in the series, there is a sports message because Mr. Kaşif exercises.
[01:19:20] It is said that the license plates
[01:19:22] are FG.
[01:19:26] So there are many such
[01:19:29] coincidences in July, with references to 2016.
[01:19:33] Emphasis on July. It's a striking set of data
[01:19:35] that can't be a coincidence. It talks about things like
[01:19:39] Fenerbahçe, Aziz Yıldırım, Ali Koç. It's even there. I
[01:19:42] haven't watched it at all, so I don't know. Our editor,
[01:19:45] Bedircan, is watching it. Bedircan Özbey has watched it a lot. He
[01:19:49] knows every line. I haven't watched it either, so it didn't catch
[01:19:52] my attention. There are people who can interpret
[01:19:55] this better, but maybe
[01:19:59] they were asked, "Where did you get this information?"
[01:20:02] They said it was a coincidence. I asked, "Is it a coincidence?"
[01:20:05] Just like I said earlier, there's a set of data that
[01:20:09] cannot be described as a coincidence.
[01:20:11] That's what I said. After that, Osmanlı Sinav
[01:20:15] probably left after 55 episodes. It is claimed and rumored
[01:20:19] that Osmanlı Sinav left exactly when the series was most watched
[01:20:22] because FETÖ got involved. Such news
[01:20:26] is being made. We don't know that either.
[01:20:29] Our great state should investigate
[01:20:32] how FETÖ infiltrates here and reveal it,
[01:20:35] since they have entered this issue. All of us can only comment
[01:20:39] on what we have watched. Frankly, we don't know that much.
[01:20:42] So, within the scope of all these investigations,
[01:20:45] not just this one, all these investigations we've watched,
[01:20:48] who knows where it politically stems from?
[01:20:52] All of us are like this from thinking, but at that time, when these cases
[01:20:56] were criticized, people were accused of being "Ergenekonist"
[01:20:59] and being coup plotters. We see another
[01:21:03] similar situation to the picture I was trying to paint,
[01:21:06] another similar situation in the fund market.
[01:21:10] What did I say about the fund market?
[01:21:13] and created this system are AK Party members. Now, in the
[01:21:16] Kaşif Kozunoğlu case,
[01:21:19] those who appointed those judges, prosecutors,
[01:21:22] those people, at that time, it was completely the AK Party.
[01:21:26] This has nothing to do with the opposition. The series was
[01:21:29] almost like that. Even at that time,
[01:21:32] the opposition was still inside with the Ergenekon Sledgehammer thing.
[01:21:36] The opposition was still being imprisoned.
[01:21:38] Therefore, this incident is entirely the AK Party's
[01:21:42] internal matter, not the opposition's. They might try to involve
[01:21:45] some there, but if a system
[01:21:49] or something emerges, it should be the AK Party's
[01:21:52] own period, its own analysis. This
[01:21:54] doesn't concern the opposition, of course. This is Aytun Çerkin's
[01:21:58] bringing up an issue that Tuba Hanım (Tuba Torun, Aytun
[01:22:02] Çerkin) has brought up several times before,
[01:22:05] bringing it up again.
[01:22:07] So, where will the investigation lead? So, there is a comment
[01:22:11] that she brought it up, so, at that time,
[01:22:15] Hakan Fidan was the Undersecretary of MIT,
[01:22:18] he brought Kozinoğlu to duty from the special forces.
[01:22:21] I wonder if Kurtlar Vadisi
[01:22:24] Pusu is being discussed on all screens, subliminal
[01:22:28] messages are constantly given, like President Erdoğan
[01:22:31] has a strange tombstone stuck there with Erdoğan's name
[01:22:35] and his family's name on it. It's really like that, now
[01:22:46] they are looking at the Bosphorus, the July 15th Martyrs Bridge.
[01:22:49] "Babylon will be ours, I will blow up this bridge,
[01:22:53] Asia and Europe will be separated, in return, Babylon will be mine."
[01:22:56] There is a character who says he will take the Gardens of Babylon.
[01:22:59] There were strange things in the series, yes, really. Now
[01:23:03] if you watch it, you'd say it's a series, but then you look, the bridge,
[01:23:07] the bridge, July 15th, it's really
[01:23:10] interesting. So maybe
[01:23:14] a political scientist could even analyze
[01:23:17] it. On the one hand, it was a series I didn't watch
[01:23:20] because I underestimated it, but you shouldn't do that. For example, there was the issue of electing
[01:23:24] the president by the people, which was discussed for many episodes.
[01:23:28] Yes, I involuntarily thought of Oğuzhan Uğur
[01:23:31] right now. He is currently in prison, and his father
[01:23:35] is being detained. So he is experiencing a double tribulation
[01:23:39] right now. Frankly, I can't help
[01:23:43] but empathize, and the family,
[01:23:46] on the one hand, with the ahbap investigation, no, it's probably
[01:23:50] not that much, they won't link it either. No, this is the Kozinoğlu
[01:23:53] investigation, this is something else entirely. Will it eventually
[01:23:57] connect through FETÖ?
[01:24:00] No, for example, he has a cellmate,
[01:24:03] a naval officer.
[01:24:07] One of his two cellmates, Hasan Ataman Yıldırım,
[01:24:10] is in custody.
[01:24:12] Hasan Atilla Uğur
[01:24:15] is in Cyprus. Since a detention order
[01:24:18] was issued for him, he says he will come on the first
[01:24:22] plane. A detention order
[01:24:25] was issued for the prison prosecutor and the İzmir
[01:24:29] Silivri Chief Public Prosecutor of that period. So, Ali
[01:24:32] İşgören, Necip Doğan, Hasan Ataman
[01:24:35] Yıldırım are currently in custody.
[01:24:38] Atilla Uğur, Hasan Atilla Uğur is also coming
[01:24:41] from Cyprus. So, 3 people are in custody.
[01:24:45] As I said, look, Oğuzhan Uğur's father
[01:24:49] will also be detained. The series crew's information was
[01:24:52] consulted. Now, these people's information could also be consulted,
[01:24:56] but it's like this right now. I don't know, but you know
[01:25:00] better than me without an explanation.
[01:25:03] Detention means such a thing.
[01:25:06] Let me repeat these two things, sometimes they
[01:25:10] can be mixed up. They detain them,
[01:25:13] take their information, let's put it that way. So, there is such an unknown
[01:25:17] right now because I read somewhere that Mr. Kaşif's close
[01:25:21] cellmates, I guess it's true,
[01:25:25] they are close friends anyway. So,
[01:25:27] to make these people suspects,
[01:25:31] together with the public prosecutor, with the prison prosecutor,
[01:25:34] now, there, it means that the prison prosecutor
[01:25:38] deals with what? He deals with the administrative
[01:25:41] affairs of that place, in a way.
[01:25:44] The prison prosecutor of Silivri Prison, I
[01:25:47] know the system now. So, he knows it well there.
[01:25:50] There was a problem
[01:25:53] that caught their attention. That ambulance,
[01:25:56] the hospital transfer, there is an allegation that
[01:26:00] a guard after that suppressed the alarm
[01:26:04] with music. It wasn't heard at all, then it was heard later.
[01:26:07] However, all those parts are vague, of course. Then there was
[01:26:10] an informant from a FETÖ member abroad,
[01:26:14] it was said. Such a statement was made.
[01:26:18] It will come out, so they will probably keep
[01:26:21] it very secret at this stage, but at least
[01:26:25] we will learn the reason in the coming
[01:26:28] process. I want to wish Oğuzhan Uğur well again
[01:26:31] from here. I mean, I don't know, especially
[01:26:35] for those
[01:26:38] I believe are unfairly detained,
[01:26:42] I do such a double empathy, I can't help it.
[01:26:46] Maybe he's watching us right now. Maybe the CMB's
[01:26:49] decision. Very harsh decisions came, I saw them. Yes, I
[01:26:53] was going to say that. Now,
[01:26:57] there's a trading restriction on the funds of 7 portfolio
[01:27:00] management companies. These 7 portfolio management companies
[01:27:03] have under them, under these portfolio management companies,
[01:27:07] a lot of stock funds, money funds,
[01:27:11] this fund, that fund, totaling 130
[01:27:13] funds. So, there are seven management companies,
[01:27:17] but the total of the funds they manage is 1
[01:27:21] CMB,
[01:27:23] Tera Portfolio Management Inc., Pusula Portfolio, Hedef
[01:27:27] Portfolio, Atlas Portfolio, Atlas, Atlas also
[01:27:31] made a default announcement, there were allegations,
[01:27:33] and A1
[01:27:35] Portfolio,
[01:27:37] Pardus Portfolio, Bulls Portfolio
[01:27:40] and
[01:27:42] all investment funds traded on the Turkey Electronic Fund Trading
[01:27:46] Platform (TEFAS) have been decided to be closed
[01:27:50] for buying and selling. It has been decided that
[01:27:53] the investment funds established by these portfolio management companies
[01:27:56] and whose names are specified in the announcement will be liquidated by the method
[01:27:59] determined by the board. This is big news, I mean,
[01:28:03] now think about it, big news, that is,
[01:28:06] tell me about this portfolio fund news, let's tell our
[01:28:09] viewers, of course, when I say "tell me", the citizen
[01:28:12] yes is being liquidated.
[01:28:14] At what price will it be liquidated? As
[01:28:18] I said earlier,
[01:28:20] a 1 billion company went to 100 billion.
[01:28:24] It went to 100 billion fictitiously. While it was over 100 billion,
[01:28:28] or it dropped to 90 billion, 80 billion, but the citizen bought the fund from here.
[01:28:32] Now, will the citizen be paid based on 80 billion?
[01:28:35] He can't buy or sell either. It will be liquidated. Or
[01:28:39] will the initial valuation company
[01:28:42] value it, and its real value
[01:28:45] is not 80 billion, but 800
[01:28:49] million, will it be paid
[01:28:52] based on this value? So, there are very
[01:28:56] serious things, of course, very interesting things happened in our stock market.
[01:28:59] For example, can you explain "companies that went
[01:29:02] public and went bankrupt a year later, companies that declared concordat,
[01:29:06] companies that went bankrupt a few years
[01:29:09] after going public." Even the company
[01:29:12] of the person who was at the head of the institution
[01:29:15] went bankrupt a few years later. We experienced
[01:29:19] such cases. I mean, for many years, if
[01:29:23] there is a police station in a neighborhood and illegal activities
[01:29:26] are happening in that neighborhood, I always say that we should question that police station.
[01:29:30] I always look at it with suspicion, that is,
[01:29:33] I think the public institution needs to be seriously questioned.
[01:29:37] The CMB has been taking serious steps recently,
[01:29:40] but why didn't it take these steps before? Why wasn't there electronic TEFAS
[01:29:43] electronic trading before? It completely stopped.
[01:29:46] Now, the buying of all these funds stopped. What if
[01:29:49] you have one of these funds? Let's say
[01:29:53] you bought a fund. What will your situation be?
[01:29:56] You can't buy, let alone sell, now.
[01:29:59] Those funds are liquidated, will investors be paid?
[01:30:20] I don't remember the price now. What was my participation house?
[01:30:23] Let's say it was 1 billion.
[01:30:27] Will it be taken at 70 billion, 70 billion, or at 1 billion? At what price
[01:30:30] will it be taken? If it is taken
[01:30:34] at 70 billion, it means that the losses of these funds are being nationalized,
[01:30:38] that is, it means it will be loaded onto the backs
[01:30:41] of 86 million people. Now, we don't know any of these details.
[01:30:45] They will be detailed in the coming days,
[01:30:48] but I can state it this way: If these fund
[01:30:51] losses are nationalized
[01:30:55] based on these ostentatious, I would say artificial
[01:30:58] prices, this will bring
[01:31:01] a very heavy burden. We are talking about only one
[01:31:04] company. Turkey's gross domestic product. Its real
[01:31:08] price seems to be quite low, so since it's being liquidated now,
[01:31:11] if it's liquidated at its real price, what will happen? I mean, if a valuation
[01:31:15] company values it based on its assets,
[01:31:19] its operating value, and says
[01:31:23] it's this, then if it tries
[01:31:26] to liquidate it at that price, whatever the price is, it will give it. This time,
[01:31:30] investors will suffer huge losses.
[01:31:33] And you know the risk, so investors, I think,
[01:31:36] this is it. I mean, brother,
[01:31:39] when investors went from 1 billion to 100 billion
[01:31:43] or from 100 million to 100 billion, the 2000-3000%
[01:31:46] money they earned through those funds,
[01:31:49] the gains obtained through ownership,
[01:31:51] they also knew the risk
[01:31:55] of falling as much as rising. What comes
[01:31:57] to my mind at the current price, do you know
[01:32:01] what? In 2001, we experienced
[01:32:04] a partial banking crisis in 1994. We didn't
[01:32:08] take the necessary and sufficient measures. In the
[01:32:11] 2001 crisis, we took measures that would make
[01:32:15] the banking sector as solid as a rock. Professor,
[01:32:18] you understood this news, didn't you? I mean, the CMB stopped
[01:32:22] buying and selling in the electronic environment
[01:32:25] for these 7 portfolio companies. Yes, it also
[01:32:29] decided to liquidate 130 funds. Madam, 7 portfolio.
[01:32:36] Any portfolio company.
[01:32:39] Under this portfolio company, there are
[01:32:42] money market funds, stock funds, this and that.
[01:32:46] There are 7 main portfolio companies.
[01:32:50] The total portfolios they manage
[01:32:53] are 130. Okay, these
[01:32:56] 7 portfolio companies and
[01:32:59] the 130 portfolio funds they manage.
[01:33:10] 130 funds are being liquidated. We don't know at what
[01:33:14] prices the liquidation will be made. That's the biggest
[01:33:17] question right now. If this liquidation
[01:33:19] is done at inflated prices
[01:33:23] right now, I'm talking about the example
[01:33:25] of Faktorünk company, if it's done over 850 billion,
[01:33:29] it means that the losses of these funds are being nationalized.
[01:33:32] No, if it's not done over 850 billion, but
[01:33:36] I'm saying this as an example, there are many others similar
[01:33:40] to this, if it's done
[01:33:43] based on the real value, operating value, then investors will suffer huge losses,
[01:33:47] but I want to tell investors,
[01:33:50] this is not investment advice,
[01:33:53] but I recommend you investigate.
[01:33:57] Many of the real stock market companies
[01:34:00] outside these funds have become very cheap
[01:34:03] due to the general decline in the stock market.
[01:34:06] This can offer another opportunity to investors.
[01:34:10] Investigate them, follow them, because
[01:34:13] let's say there are 600... companies, 40-50
[01:34:16] of them have been subject to these manipulations,
[01:34:19] inflated. I am exaggerating these
[01:34:21] figures, but 550 of them,
[01:34:25] in the normal market, and their prices have dropped
[01:34:28] significantly, so there is cheapness in them. Investors
[01:34:31] can look at their balance sheets and evaluate them, but the fund business is different.
[01:34:35] The fund business is like how we didn't
[01:34:39] adequately see banking in '94 and take measures,
[01:34:43] so we faced a bigger banking crisis in 2001 and
[01:34:46] took measures with heavier costs. I wish we
[01:34:49] had seen such clusters of problems
[01:34:53] and explosions in our capital markets in the past
[01:34:57] and taken real measures so that we wouldn't be experiencing this crisis today.
[01:35:00] I hope this brings a new regulation,
[01:35:04] supervision, and responsibility relationship
[01:35:08] to Turkey, because the relationship of responsibility
[01:35:11] has broken down in the market. I mean, imagine
[01:35:15] even the Minister of Treasury and Finance said
[01:35:18] in December 2025 that there was manipulation in these funds.
[01:35:21] If no measures were taken despite that, if it was overlooked,
[01:35:25] who didn't take measures, who overlooked it, who allowed
[01:35:28] these things to happen? We need to question these
[01:35:31] and demand accountability one by one on behalf of the public. On September 2nd, Tera was
[01:35:35] 609, 610 billion lira, Pusula
[01:35:38] 375.2 billion lira, Busus 24.1
[01:35:40] billion lira. The three of them alone make 1 trillion.
[01:35:44] This, as I said, this magnitude,
[01:35:47] a cost bigger than the banking
[01:35:51] sector crisis, will appear before us.
[01:35:55] If you evaluate it based on fictitious prices, you will face a cost close
[01:35:59] to the 2001 crisis, but I don't think
[01:36:02] that will happen. I hope so, because
[01:36:05] they wouldn't do that, such a valuation
[01:36:09] would not happen. Here, reason probably intervened. As of
[01:36:13] this morning, reason intervened.
[01:36:15] That reason is trying to fix the markets, the funds, everything.
[01:36:19] I think that period of overlooking has closed.
[01:36:23] Yes, I hope the people don't pay the price, I hope the people don't pay the price.
[01:36:26] Yes, my biggest wish. If they make us pay,
[01:36:30] if they burden us, it should not be based on today's
[01:36:33] inflated prices, because it's very difficult for the Turkish economy to bear this.
[01:36:37] We cannot bear this. But with an operating value, a real
[01:36:40] value, a valuation ratio, some resources can be extracted.
[01:36:44] Here, through the fund, those who made 2-3000% profit
[01:36:48] in the past, some
[01:36:52] investors also made 3,000. Of course, some funds had increases of 2-3,000%.
[01:36:56] I thought you said 2-300 liras. Normal,
[01:36:59] hocam. Ebru Hanım, the figures
[01:37:03] we are talking about are billions, trillions. Look at the expressions.
[01:37:06] We are conveying a very important breaking
[01:37:09] news to you right now. After all this discussion, why did
[01:37:13] these funds grow so much? Default announcements were made
[01:37:17] one after another. Emre Tezmen, the owner
[01:37:20] of Tera, said, "We are the target of evil foci, protect
[01:37:23] us. I hope you will do what is necessary for them." The
[01:37:27] CMB said later that they would make a statement
[01:37:30] after the Financial Stability Committee meeting. The statement
[01:37:34] came. The electronic trading
[01:37:37] of 7 companies on TEFAS
[01:37:39] was banned. 130 funds belonging
[01:37:42] to these companies are being liquidated. Negotiations have started
[01:37:46] for Emlak Katılım to acquire Evim's participation house.
[01:37:50] These funds have been liquidated. You and Halttivi
[01:37:54] viewers will remember.
[01:37:57] For a year, I have repeatedly explained something
[01:38:01] like a Ponzi scheme. As an example, I will explain it again.
[01:38:05] Imagine three companies, dear viewers. I have told
[01:38:08] you this several times on this screen
[01:38:12] for the past year, especially. Now, for example,
[01:38:16] I am giving the same example. There are three companies, each of these
[01:38:20] companies is worth five million liras. There is also a holding company above them.
[01:38:23] The holding company increases the price of these three companies, each worth five million,
[01:38:26] to 50 billion liras by going public on the stock market.
[01:38:29] What happened? The holding company's value became 150
[01:38:33] billion liras. What do you do with a 150 billion
[01:38:36] holding company? Let's say
[01:38:39] with a 50% discount, 75 billion. You go public
[01:38:42] with half of 75 billion. What happened? You
[01:38:46] collected approximately 37-38 billion
[01:38:49] liras from the stock market. Look, it's empty inside,
[01:38:52] from a total of 3 companies worth 15 million
[01:38:56] liras. You can collect
[01:38:59] between 30-40 billion liras from the stock market.
[01:39:02] Now, who are the ones who allow such systems,
[01:39:05] who permit them, who overlook
[01:39:09] them? I am saying that in Turkey, I have been saying for a year,
[01:39:12] we brought this issue up 2-3 months ago. Isn't there a risk here?
[01:39:16] We said, "Let investors not lose money, how does it grow so much?" We
[01:39:19] fulfilled that responsibility. And
[01:39:23] also, we said
[01:39:25] that there was a very serious risk regarding Pusula, what happened
[01:39:29] since the end of August. Some portfolio
[01:39:32] companies, some funds, and then as of today,
[01:39:35] after yesterday's sharp decline and default,
[01:39:38] we understand that 130 funds
[01:39:42] will be liquidated. İbrahim Kaybaca asks, "At what
[01:39:45] price?" For example, an investor invested
[01:39:48] 100. There is no guarantee that he will get back his 100,000 completely,
[01:39:51] but he will get money. He will get money. But will it be 100,000 liras?
[01:39:55] 100,000 liras? 100 liras? I mean. Who will make this decision?
[01:39:58] It's not possible, but it might not be 100,000 liras, Ebru Hanım.
[01:40:02] It could even be 100 liras. When you look at those inflated
[01:40:05] prices, serious figures will be circulating,
[01:40:09] but we don't know any of it. We don't know any of it.
[01:40:12] They might say, "Why didn't you audit it then?"
[01:40:16] Wouldn't the investor say that? What's the difference
[01:40:19] from giving permission for a public offering? The company
[01:40:22] says, "I'm growing like this, I'm growing like that,
[01:40:25] I'm good like this, I'm good like that." The company's share price goes from
[01:40:29] 5 liras to 50 liras. Yes,
[01:40:32] after it reached 50 liras, at that moment, the boss
[01:40:36] says, "I will sell more shares on the stock market, beyond the public offering."
[01:40:40] This time, the boss starts selling shares from 50 liras
[01:40:43] down to 30 liras, to 20 liras,
[01:40:46] much more than the public offering. Then the company suddenly
[01:40:50] goes bankrupt. Now, what is the fault of these investors?
[01:40:54] Isn't it manipulation itself? Yes, what is the fault of these investors?
[01:40:57] What about the responsibility of those
[01:40:59] who overlooked and permitted this? That's why I believe that for
[01:41:03] our markets, very serious,
[01:41:07] very serious regulations must be made,
[01:41:09] responsibility relationships must be established, because those who supervise,
[01:41:13] monitor, and permit, because, for example, there is a public offering, you give
[01:41:17] permission. I think all institutions that supervise, monitor, and permit
[01:41:21] should be included in a chain of responsibility,
[01:41:24] that everyone, that the scandals
[01:41:27] and great losses experienced should not
[01:41:31] only be at the investor level, but also public institutions
[01:41:35] and private institutions should be part of this. Such a system needs to be established.
[01:41:38] Otherwise, investors will be
[01:41:42] within hungry wolves,
[01:41:46] and how they save themselves, just like in our law,
[01:41:49] we have the problem of not implementing what exists. And in the audit mechanism,
[01:41:53] we say the salt has gone bad. For example, HSK is not doing the necessary audit because.
[01:42:00] We say the people at its head are biased. So could there be such a situation here?
[01:42:03] Maybe there are rules you mentioned, but
[01:42:06] their non-implementation is at stake. Now, when you look at it, can
[01:42:09] a company promote itself as being good like this, good like that?
[01:42:13] No, I mean, even with my basic economic knowledge,
[01:42:17] and I don't have much, I know this.
[01:42:20] This is also manipulation, because, madam,
[01:42:22] I can tell you, when I looked at what happened
[01:42:26] in Silivri yesterday, I see no difference
[01:42:30] between what happened in Silivri and what happened in the stock market.
[01:42:33] I see no difference at all. It's exactly
[01:42:36] as you said. That's why I mean, it's systemic decay.
[01:42:40] What happened in Silivri yesterday, I mean,
[01:42:43] I'm glad I wasn't in Silivri yesterday.
[01:42:46] There's an incident, would you have done this
[01:42:49] if your son hadn't been detained? Ali Sungur, isn't it?
[01:42:52] From the affiliates. Do you know that this is not just about
[01:42:56] Ali Sukas yesterday? The informant
[01:43:08] accused him, yes, but he
[01:43:12] says, "I don't want to answer this question," but he's crying
[01:43:15] while saying it. Yes, and you know there are many
[01:43:19] examples like this, Muzaffer Beyazdı, the man
[01:43:22] forgave Ekrem Bey, essentially saying
[01:43:26] his statement was not true. Then there was an arrest
[01:43:30] warrant requested by the prosecutor. The next day, the man came
[01:43:33] and said, "I'm changing my statement from yesterday."
[01:43:36] There are so many examples like this. Why did he
[01:43:40] change his statement? Because the prosecutor said, "Arrest him." That's why he
[01:43:43] came the next day after the request. He said he was changing
[01:43:47] it. I was in the hall. I was also really
[01:43:51] left staring like this with everyone, I mean, look, this is
[01:43:54] the biggest of the informants, Ertan Yıldız.
[01:44:10] He is an informant and I had noted it down here, look, here yesterday, another
[01:44:13] informant says that he counted
[01:44:17] over 20, he used the expression "I heard." Kabil Taşçı, huh?
[01:44:20] Yes, I mean, I heard these are what I heard, I only
[01:44:24] heard these, I know these. I heard, I mean, I don't know, I heard, but he hadn't given a statement like this before, I guess.
[01:44:28] Uh, no, his previous statements were also
[01:44:31] based on what he heard, of course. I mean, I never saw any concrete evidence from the informants,
[01:44:35] like "this is the evidence," "he did this,"
[01:44:39] "we heard this,"
[01:44:44] "I know this," "I guess this," for example, it was
[01:44:48] very common. I guess Ertan Yıldız used it very often.
[01:44:51] He said he heard very often.
[01:44:53] And I mean, just
[01:44:57] about my wife Aykut Erdoğdu, he told something in the nature of a one-sentence gossip,
[01:45:00] there is nothing concrete that we questioned
[01:45:04] him about, there is nothing concrete that he could say.
[01:45:08] Also, the more we asked, he fell into contradiction,
[01:45:11] he fell into contradiction very much, isn't any of this
[01:45:15] seen by the committee? It
[01:45:19] must not be seen, because so far these people are outside
[01:45:21] and our relatives, our presidents,
[01:45:25] our bureaucrats who have been subjected to these slanders
[01:45:28] are inside. Look, there is an invisible
[01:45:31] drama right now and it is being tried to be forgotten.
[01:45:35] I keep writing and taking notes,
[01:45:38] but who listens to us, I honestly
[01:45:41] don't know anymore. Because, well, there are
[01:45:45] winners who have been condemned to be forgotten
[01:45:48] there, winners condemned to be forgotten,
[01:45:51] I am so sad that today there are such high-quality
[01:45:55] bureaucrats there that you can now
[01:45:58] read that look in the eyes of the people being judged. I mean,
[01:46:01] resisting is different, they are resisting, but you can read
[01:46:05] that sadness, that sorrow. I see it more
[01:46:07] every time I go. He said, I wish
[01:46:10] he hadn't worked all this time by serving his country.
[01:46:14] I mean, for example, we don't have to know one by one
[01:46:17] what the zoning director did, what this department head
[01:46:21] did, but when we go there, we listen, and every
[01:46:25] time I say, what a high-quality, what an elite team
[01:46:29] they were. Yesterday, there was an inspector who was telling, "I," he says, "in public service,
[01:46:32] in these ministries, here and there," he says, "forget about a warning,
[01:46:36] all my notes were swimming." Absolutely.
[01:46:40] "Now, for example, whose name do we know the most? We know Mahir Polat's name,
[01:46:43] but Mr. Mahir is currently trying to continue his services.
[01:46:46] He was released for health reasons, but there is
[01:46:49] a Gürkan Alpay, I mean, this
[01:46:53] person is
[01:46:56] unfairly inside. For example, I said that
[01:46:59] the open tender rate he made is 95%.
[01:47:03] Look, we are talking about transparency, the open tender rate is 95%,
[01:47:07] this rate is normally 60% in public institutions."
[01:47:18] He is doing useful work. What does he have when we look? He has a house,
[01:47:21] he has a car, I also know his wife, she is a very graceful woman,
[01:47:25] such a beautiful family and a child of a family,
[01:47:29] a child of an engineer father. Now, you look at such good people,
[01:47:32] for example, Ceyhun Akay, when he gave a statement for the first time,
[01:47:36] he would say against the indictment. When he first said it, it
[01:47:40] caused quite a stir, because
[01:47:43] his work and diligence truly
[01:47:46] astonished everyone, like "is it possible?"
[01:47:49] His job is metro construction, actually transportation, and on average,
[01:47:53] he does work for half the cost
[01:47:56] of metro construction. He is someone who builds metros,
[01:47:59] to that extent. Actually, look, there are those who harm the public here, on one side,
[01:48:03] through private investments and so on,
[01:48:07] by using public money, let's say.
[01:48:12] But on the other hand, there are people who perform a public duty
[01:48:15] and make a profit for the public, and now
[01:48:19] they are in prison. Now, there is
[01:48:22] only one accusation against Mr. Ceyhun, for example,
[01:48:25] for the company to enter a tender, there must be a document stating that it has no SGK debt.
[01:48:28] A company will be working
[01:48:32] with, and the indictment says there is no such document,
[01:48:36] but Mr. Ceyhun proves that there is. And 15... how many
[01:48:39] 15? No, those were taken earlier. He has been inside for 18 months, a year and a half.
[01:48:42] I mean, for a year and a half,
[01:48:46] he is inside because of a document that the indictment said does not exist,
[01:48:50] and Mr. Ceyhun proved that it does. I mean,
[01:48:53] you would truly die of sorrow. For example, Kaan
[01:48:57] Sürmegöz has been inside for 18 months. He is a bureaucrat from the AKP era, by the way.
[01:49:00] He is an incredibly hardworking person. I paid
[01:49:04] special attention last time,
[01:49:06] Mr. Aykut said something about Mr. Kaan.
[01:49:10] We were talking like this from a distance, the man was looking so sad,
[01:49:14] like, I said, how did you bring these people to this state in a year and a half?
[01:49:18] I mean, this is psychologically breaking them.
[01:49:21] I mean, one of the most important decisions in the world,
[01:49:25] I think, is it easy to put someone in prison? Absolutely. And this
[01:49:29] person, for example, also worked during the AKP era. He is
[01:49:33] a conservative man, very gentlemanly. If he had gone to Singapore
[01:49:35] instead of working at IMM,
[01:49:38] he would be working from home
[01:49:41] with countless amounts of money and salaries.
[01:49:44] Believe me, that's how it would be. But now they are in prison, and there is no need
[01:49:48] to talk about Aykut Erdoğdu.
[01:49:51] That's enough. There are such valuable
[01:49:55] civil servants, bureaucrats with state education there. I mean, Gürkan Akgün,
[01:49:59] for example, is accused of 26 actions. The reason is this: the general secretary
[01:50:03] assistant must sign every decision. Now, on one hand,
[01:50:06] you look at the case regarding the decisions made,
[01:50:09] and they prove it, but because he is responsible,
[01:50:13] he is facing 350 years,
[01:50:16] I mean, 350 years? Look,
[01:50:20] this is just one of them. There are 500, there are 800.
[01:50:23] You know, President Ekrem is facing up to 2500 years.
[01:50:27] I mean, like this. And now
[01:50:30] they want us to forget these people.
[01:50:33] We shouldn't forget them. I say this so we remember
[01:50:36] them. Really, a short break, there's more to say, but we will say it.
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[02:00:02] We continue. We have entered the last hour. Uh, today we couldn't
[02:00:06] lift our heads from the news traffic. For days
[02:00:09] we were talking about the situation in the funds belonging
[02:00:12] to portfolio companies. Uh, when we look at it,
[02:00:16] this morning the Financial Stability Committee met. That committee
[02:00:20] met under the chairmanship of Minister of Treasury and Finance Mehmet Şimşek.
[02:00:24] Decisions were taken after a meeting attended by
[02:00:28] Central Bank Governor Fatih Karahan,
[02:00:31] BDDK President Şahap Kavcıoğlu,
[02:00:34] the president of TMSF and the president of CMB.
[02:00:38] Now, first the Financial Stability Committee made an announcement.
[02:00:42] It said this is a limited
[02:00:44] problem. A limited
[02:00:47] problem occurred in these funds in limited portfolios.
[02:00:51] There is a liquidity problem. Uh, to overcome this,
[02:00:54] we will offer liquidity-increasing solutions
[02:00:57] and inform the public.
[02:01:00] The Central Bank listed
[02:01:03] liquidity-increasing steps. Then the CMB made a statement.
[02:01:06] Successively, you know, this week
[02:01:09] Pusula announced to the stock exchange
[02:01:12] that it could not pay investors and defaulted.
[02:01:15] After that, Tera,
[02:01:19] which announced that it would acquire Pusula Portfolio and its affiliates
[02:01:22] after reaching an agreement, defaulted on 2
[02:01:25] funds. An announcement was made to the stock exchange. Uh, Emre Tezmen made an announcement,
[02:01:28] saying that we are under attack from malicious forces.
[02:01:32] We took responsibility for Pusula, but we were left alone and
[02:01:36] are being attacked. He called on
[02:01:39] regulatory bodies and supervisory bodies
[02:01:43] for help. He said he hopes what is necessary will be done and
[02:01:46] necessary steps will be taken. Necessary steps were taken
[02:01:50] as of this morning. 130 funds were liquidated.
[02:01:54] Uh, transactions were halted in the electronic system Tefas
[02:01:57] regarding the funds of 7 portfolio companies. That is, 130
[02:02:00] funds. Atlas, Tera, Hedef,
[02:02:04] Info are among them. Their funds, the funds of 7 companies,
[02:02:08] 130 funds were liquidated. Uh, completely,
[02:02:11] the transactions on this issue are now over. Now, the stock market
[02:02:14] started the day with a rise exceeding 2%.
[02:02:17] That rise exceeded 2%. I can say that there is a more horizontal
[02:02:21] trend right now. Uh, if we report
[02:02:25] the situation in Borsa İstanbul, it closed yesterday at 13,112
[02:02:29] points. There was a 5.54% decrease. 583 stocks
[02:02:32] lost value, 60 stocks hit the lower limit.
[02:02:36] In fact, 112 stocks traded near the lower limit. Uh, at 13,262
[02:02:40] points, there is a 1% increase and developments
[02:02:43] are being monitored. Uh, of course, investors here, for example,
[02:02:46] if you put 100,000 liras. Will you get 1,000 liras or
[02:02:50] will something else happen according to the value of that day? We don't know that.
[02:02:54] Uh, also, the chairman of the board of Hedef
[02:02:58] and Info Yatırım was detained, or was he called to give a statement?
[02:03:01] We don't know that either, it was said he was called for a statement, then it was said he was detained. Uh, Hedef
[02:03:05] was also included in the CMB measures, let's also
[02:03:08] mention that. Uh, there's Atlas,
[02:03:12] and yesterday there were announcements to the stock exchange and discussions about Atlas. Of course, all
[02:03:16] of these are claims. The main thing here is
[02:03:20] to protect the investor and for no one to suffer too much.
[02:03:23] Katılım Evi and Bir Evim will be acquired by Emlak Katılım.
[02:03:26] News and statements came that negotiations have started in this direction.
[02:03:30] So, these funds are, in a sense,
[02:03:33] being liquidated. Investors' money will be paid back. We don't know
[02:03:36] how, what, or when. Statements will also be made.
[02:03:40] But these 130 funds are no longer there. The value of these funds
[02:03:43] was equivalent to one Tübrash, two or three times Turkcell. The stage
[02:03:47] had reached a size almost half of the Turkish economy.
[02:03:51] There were equity funds, money market funds, commodity funds, such
[02:03:55] funds. Of course, as you buy in a shallow market,
[02:03:59] the value of the stock increases. I tell Tuğba Hanım,
[02:04:01] I tell İbrahim Bey, İbrahim Bey tells Sarkan,
[02:04:05] he tells Bedrican Dersu. Everyone tells each other
[02:04:09] to benefit from that rise, and the number of participants increases. Suddenly,
[02:04:12] incredible money, sizes, and values are created.
[02:04:16] And then, when you start
[02:04:19] withdrawing money, when you sell stocks, there's no one to buy, and as you sell,
[02:04:23] the stock's value falls. Then, the problem that started
[02:04:26] with Pusula, and continued with the announcements made to the stock exchange,
[02:04:29] uh, has resulted in the liquidation of 130 funds
[02:04:33] as of this morning. That's the summary of the situation.
[02:04:36] Uh, now, on the one hand, how are we going to live
[02:04:40] with these prices, what are we going to
[02:04:43] do? Uh, on the one hand,
[02:04:47] we are watching a trial, on the other hand, we are following politics. In the Kozinoğlu
[02:04:50] investigation, uh, Kozinoğlu's
[02:04:53] two cellmates in prison, one of them a former soldier,
[02:04:56] both former soldiers, one of them...
[02:05:03] coming from Cyprus, uh, an officer
[02:05:06] serving in the Naval Forces at that time, his cellmate Hasan
[02:05:09] Ataman Yıldırım is in custody. The Chief Public Prosecutor
[02:05:13] of Silivri and the prison prosecutor of that period are also
[02:05:16] in custody. Therefore, Minister of Justice Akın Gürlek reported that there are four
[02:05:19] arrest warrants. Is this much similarity, this much
[02:05:23] message normal to Kurtlar Vadisi Pusu for that period? An investigation was launched. The screenwriters
[02:05:27] had given statements as witnesses. What will happen now?
[02:05:31] Uh, at that time, now
[02:05:34] a correction. Actually, I understood it, but if it was misunderstood,
[02:05:38] let's correct it. Hakan Fidan,
[02:05:42] at that time, you know, there was a process of investigation and
[02:05:45] a statement for Hakan Fidan, the undersecretary of MIT.
[02:05:49] So, who did that period, how did they do it?
[02:05:52] Uh, Aytun Çerkin says that it could be an investigation
[02:05:56] that could go that far. Of course. "I mean, if it was understood
[02:06:00] as targeting Hakan Fidan, let's correct that.
[02:06:03] It's a matter of that situation, that day.
[02:06:06] Even, you know, President Erdoğan was going into surgery when
[02:06:10] the news of this investigation came, and he gave his instructions at the last minute
[02:06:13] and so on. There was a big situation
[02:06:17] there, something was happening there, and it was prevented. So,
[02:06:21] what happened there, who caused it, what was the purpose,
[02:06:24] he said, 'it could be an investigation leading in that direction.'"
[02:06:28] Aytun Çerkin, if it was perceived
[02:06:30] as targeting Hakan Fidan, let's correct that, because that's
[02:06:33] why I gave that example, let's correct
[02:06:37] that too. Now, what else happened today
[02:06:41] after all these headlines? Last night, there was also a price
[02:06:44] hike for diesel fuel. An increase of 4 liras
[02:06:47] and 68 kuruş pushed diesel above 100 liras. The members of the public bus drivers' chambers of tradesmen
[02:06:51] are saying,
[02:06:54] "How are we going to turn the ignition, what are we going to do?"
[02:06:57] "How are we going to do our business with these prices?"
[02:07:01] they are
[02:07:03] protesting today. At the same time,
[02:07:06] there is a problem, and the problem is that
[02:07:10] the screens at some gas stations
[02:07:13] don't show 100 liras. I mean,
[02:07:16] it doesn't show 100 liras, 101 liras and 60 kuruş.
[02:07:20] Uh, it's left blank like this, written below so it can be seen.
[02:07:23] You can't even notice the diesel price. Also,
[02:07:27] prices have increased arbitrarily. Normally in Istanbul,
[02:07:31] it should be a little over 100 liras. You look at one place, it's 103 liras, you look at another place,
[02:07:34] it's 101 liras. All prices are jumbled up.
[02:07:38] Some have left it at 99.99.
[02:07:41] Some have written it by hand and pasted a paper on the diesel side.
[02:07:45] I mean, they can't display it digitally on the screen. They wrote it by hand
[02:07:47] and pasted a paper. A new expense came out for gas stations. Exactly.
[02:07:51] They will change the signs. I mean, it's stuck
[02:07:55] at some random price. Ha, it doesn't take 0.240.
[02:07:58] One has been placed in front of the screen. Look, for example, this is how
[02:08:01] they rounded the kuruş, for example, to 102 liras. It's
[02:08:05] all jumbled up. Look, you read 0 2 40, right?
[02:08:09] They put a 1 in front of it. This one has decided to make the price of diesel
[02:08:12] 102.40 liras, for example. I mean, can you believe it? It's like a joke.
[02:08:16] 0.240. The screen doesn't take it. What will it do?
[02:08:20] We told you this week, they put a one in front of it. It's 10240 in numbers,
[02:08:23] but it was decided to be 10240. I mean,
[02:08:27] we are laughing at our pitiful situation.
[02:08:31] Look, I don't understand what this is. I'm going to go to the diesel station now,
[02:08:35] what will I say? Will I say 102 liras?
[02:08:37] This one has found an arbitrary solution.
[02:08:40] Uh, then some have written on paper.
[02:08:44] Some have left it at 99.99. Or
[02:08:47] 000. Our Anatolian side is full of
[02:08:50] 000s. They paste paper under it
[02:08:52] or they show it digitally from somewhere below,
[02:08:56] but all prices are mixed up. The price is different at every gas station
[02:09:00] you go to. Here it's 100.31 kuruş,
[02:09:03] earlier it was 101.6 kuruş. In one place it's 102 liras.
[02:09:07] We woke up to such a jumbled day. Since midnight,
[02:09:10] gas stations have found a solution because the pump screen doesn't show
[02:09:14] above 100 liras. The price overflowed,
[02:09:17] it overflowed from our pockets too, it overflowed from us too.
[02:09:20] No one can keep up, as you can understand.
[02:09:24] Now the prices are over 100 liras. Go to Antalya, it's close to 103 liras.
[02:09:27] There are different prices in Istanbul. God, we will settle down there,
[02:09:31] because our digital screen is broken, so there is 102 liras,
[02:09:35] 101 liras, 103 liras. We will spend today like this.
[02:09:38] Now, 25 liras 54 kuruş
[02:09:42] has been increased since August 22nd. As petrol prices
[02:09:45] rise and the dollar rises,
[02:09:48] Minister Şimşek also says that his wife said yesterday that the mobile system
[02:09:52] will not be implemented in 2027, don't wait for it. So, will the mobile
[02:09:55] tax on fuel be a tax cut, will they cover the tax
[02:09:59] from the budget?
[02:10:13] Uh, let's say uh,
[02:10:16] the cost of filling up in Istanbul is 40 liras. What is it
[02:10:20] in Ankara, Izmir, Antalya? Well, I'll tell you, it's
[02:10:23] over 4,000 liras. Of course, he
[02:10:27] said that just now. Our reporter also
[02:10:29] said so.
[02:10:31] How will it cope with this? I've been thinking about that all morning.
[02:10:35] For example, I go to Silivri. My two
[02:10:38] trips consume two tanks of petrol, one tank of petrol.
[02:10:42] I mean, when I go and come back twice,
[02:10:44] we live in Kadıköy, it burns one tank of petrol. I mean, make the diesel calculation
[02:10:48] in the same way. I have to go there
[02:10:51] at least 3-4 times a week.
[02:10:54] Uh, think about two tanks
[02:10:57] of petrol a week, that's over 3 liras.
[02:11:00] Uh, I mean,
[02:11:03] they are making us experience something incredible.
[02:11:06] I mean, this is just me. Now, think about how it affects businesses. It ends
[02:11:10] at 10 at the earliest. Yes, there is that. These people
[02:11:14] take any job they find, they don't care where it is.
[02:11:17] Uh, they try to use public transport as much as possible, but besides that,
[02:11:21] there are people who commute by car, so isn't there? Of course, there are. There are elderly people,
[02:11:24] there are elderly people, there are people who work,
[02:11:27] people take their children. Yes, these people are working.
[02:11:30] I mean, especially in the outer
[02:11:34] regions of Istanbul, there is a lot of, you know,
[02:11:37] a kind of central production hub, etc.
[02:11:41] Uh, now they go and come from there. All this cost
[02:11:44] is reflected back to us. Actually, it needs to be
[02:11:48] removed somehow, because we always say that merit also brings
[02:11:52] decay at the same time. I mean, to create cheap
[02:11:55] resources, it can do its job
[02:11:58] haphazardly, it reduces costs,
[02:12:01] it lowers quality. Uh, we talked about fruits and vegetables last time.
[02:12:04] all these things are circulating and reflecting on us. Before we move on to fruits
[02:12:08] and vegetables, I will tell you a conversation from Silivri.
[02:12:12] With your permission, I'm taking this
[02:12:15] from Furkan Karabay. In the IBB
[02:12:18] case, the confessing suspect Dincer Kantar made his defense
[02:12:22] yesterday. Upon the question of the court president,
[02:12:25] he said, "I handed over 185,760
[02:12:29] dollars to Hüsnü Yüksel Tunar in the parking lot
[02:12:32] across from his office."
[02:12:34] Among the defendants,
[02:12:37] 185,760
[02:12:39] dollars. Kantar says, he says
[02:12:54] no, he says,
[02:12:57] "No." The confessor
[02:12:59] says, "I handed it over." Yes,
[02:13:02] one suspect stands up and says, "Do you know me?" Dincer Kantar says,
[02:13:06] "No,
[02:13:08] I don't." The man replies
[02:13:10] by saying,
[02:13:12] "I'm the person you said you gave the money to." The man
[02:13:16] doesn't know him.
[02:13:19] What happened yesterday between the confessing suspect Dincer Kantar and
[02:13:22] him is exactly this: Hüsnü Yüksel
[02:13:25] Tunar says, "Do you know me?" Kantar says,
[02:13:28] "I don't know you." Don't you know
[02:13:32] him at all? Dincer Kantar, yes,
[02:13:35] I don't know him.
[02:13:39] I don't know you either.
[02:13:45] How can there be a more obvious example than this?
[02:13:49] This case is happening in a court.
[02:13:52] I say that
[02:13:56] I handed over 185,000 dollars to this person.
[02:13:59] I'm saying his name. Someone stands up
[02:14:02] and says, "Do you know me?" No, he says, "I don't know him." The man says,
[02:14:06] "I am the person you said you gave the money to."
[02:14:10] There's also an interesting detail
[02:14:12] in our case, similar to this. There's a person with
[02:14:16] stage 4 cancer and a company
[02:14:19] partner, let's say.
[02:14:23] yok zaten dosyada hani bir sürü çelişkiyi ortaya koyduk bir soru
[02:14:27] bile sormak istemediğimizi beyan ettik çünkü yani
[02:14:30] her şeyi ortaya koyduk beyanındaki şeyle ilgili bir yerde diyor
[02:14:34] ki ben elden diyor para verdim diyor Aykut Beye böyle
[02:14:38] bir iddiası olan bir adam var bizim dosyamızda
[02:14:41] hım. Aykut Erdoğduyla bu
[02:14:44] adamın en fazla 256 metre yan yana
[02:14:48] geldiği dosyadaki baz kayıtlarıyla sabit yani yan
[02:14:52] yana gelmemişler bile yani en fazla 256 metre yani
[02:14:56] da zaten bir otelde
[02:14:59] The gentleman passed away on the road every day to parliament and to the headquarters.
[02:15:03] Now,
[02:15:06] you see, this has been completely
[02:15:09] refuted. This indictment itself has refuted
[02:15:13] this. Now, these people were made to say these things. They were forced
[02:15:16] to say them, meaning with a reason, yes, his son
[02:15:20] was arrested. His son was arrested.
[02:15:23] In that confession, yes. Is it a confession, or what
[02:15:26] is it called? His son was arrested, and he is benefiting
[02:15:30] from remorse. The person he accused
[02:15:33] says in court, "If your son hadn't been arrested, would you have said this?"
[02:15:37] He cries and says, "I don't want to answer this question." He doesn't know
[02:15:40] the person he said he gave money to. He doesn't know the person
[02:15:44] he bribed in the parking lot. Now, if someone passes
[02:15:47] me by 250 meters and appears in my base records,
[02:15:51] I am already in motion, I mean,
[02:15:54] I'm standing still. Let's say in the same environment.
[02:15:58] These phone base records have become the biggest crime.
[02:16:01] So, if you went somewhere with your phone
[02:16:03] or came to work or went somewhere else
[02:16:07] or went to a shopping mall, for example, and by coincidence,
[02:16:10] a criminal came to that shopping mall, your phone
[02:16:14] gave a base with the same criminal, and that's it.
[02:16:17] For example, one of the company officials came to a Fenerbahçe
[02:16:21] match. By the way, some of them are already company, some of them
[02:16:25] actually. All the officials of that company denied
[02:16:28] the claim, but it is said that Aykut Erdoğdu
[02:16:31] gave a base with one of them. The man says,
[02:16:34] "I am a Fenerbahçe fan, and I constantly go to matches in Istanbul."
[02:16:38] Millions are watching, right? During that time, Aykut's house
[02:16:41] is also near the Fenerbahçe stadium. They show this
[02:16:44] as evidence, for example. What about the other one?
[02:16:47] In Beşiktaş, they say, "Your phone constantly
[02:16:50] gave a base with this person." He says, "That's my work
[02:16:54] office."
[02:16:56] The other person's office, the person who gave the base,
[02:17:00] their workplace is right below. It's a crime
[02:17:03] to go to work. It's a crime for a workplace to be near
[02:17:07] a criminal and to give a base on the same base.
[02:17:10] What was the other one? What did we dedicate last week to?
[02:17:14] The man says, "I didn't write these statements." He says, "The prosecutor's
[02:17:18] office called me for a chat.
[02:17:21] We went for a chat." He says, During the chat,
[02:17:25] the prosecutor said, "Be glad we didn't arrest you at 5 AM."
[02:17:29] He wrote these things, and I signed them. I didn't even
[02:17:32] have a lawyer, he says. By the way, there's something like
[02:17:36] this happening, but in Üsküdar, Üsküdar is also the same
[02:17:39] thing. What was his name, Tahir Usta?
[02:17:42] Yes, he became the vice president. He will serve as responsible
[02:17:45] for disaster affairs and so on in Üsküdar. He was held
[02:17:49] in a closed hotel, you know. Then they joined the AK Party
[02:17:52] from the CHP. Now he's the vice president.
[02:17:55] So, for example, they've brought it to such a point
[02:17:58] that I can't say it openly here
[02:18:01] because I don't want to endanger anyone.
[02:18:05] I personally went and visited him. What I heard from him is an allegation,
[02:18:09] of course, his allegation.
[02:18:12] This conversation matter, the prosecutor called me, we chatted.
[02:18:15] Then he told me that it would be very
[02:18:19] difficult for me to get out. I've heard these things so much, by the way, for a year
[02:18:23] and a half.
[02:18:34] It's necessary, you know, but these are not like that. People can't tell
[02:18:38] so many lies. So many people can't tell
[02:18:41] so many lies. There's a strangeness here. On top of that, what happens?
[02:18:44] Akıngül comes out and says, "My minister,
[02:18:48] if they watched the hearing now, they would see the president's
[02:18:51] state." He says, "How much he is, I mean, I."
[02:18:55] We are still saying it's not too late. Now, would they want
[02:18:58] a live broadcast, he said.
[02:19:00] You are saying yes, we want it.
[02:19:04] In fact, we want it quite clearly.
[02:19:07] It's being given now. Yes, it's not too late. Let the AK Party members
[02:19:11] go. Let all the ministers go there and see the situation.
[02:19:14] For example, you are creating a case with so many
[02:19:18] defendants. Hearings are held until
[02:19:21] one thirty. Everyone there is miserable, including
[02:19:25] the and you have made a tiny
[02:19:28] detention cell. How heartbreaking it is to say this.
[02:19:31] People are pacing back and forth like
[02:19:35] in a horror movie in a tiny space.
[02:19:38] They are pacing back and forth, and tea
[02:19:41] has been banned. Matches have been banned. Those
[02:19:45] channels and so on have already been banned. There's a serious protein
[02:19:49] problem. Okay, if there's a special situation, support can be provided, but
[02:19:52] there used to be an area in the detention cell where tea
[02:19:56] was drunk. People in prison, detainees, also drank tea. Was that
[02:19:59] banned, or is it completely gone now? Tea is not
[02:20:03] coming anymore. Downstairs, it was already
[02:20:06] tea bags, but it's not coming anymore.
[02:20:10] It's as if these are such dangerous criminals
[02:20:13] that they might throw hot water at each other. That's probably the reason,
[02:20:17] I know. Or, for example, let me tell you, these seem
[02:20:20] like small details, but many of these people are in high-security
[02:20:24] prisons. And
[02:20:27] they are searched with detectors many times, their shoes are taken off,
[02:20:31] and on the one hand,
[02:20:35] before, a much better
[02:20:38] brand of food was coming to the canteen. Now, I won't
[02:20:41] mention the brand. And then now,
[02:20:45] food that is not fit to eat, he told me this way,
[02:20:48] "bad brands to the extent that we cannot put them in our mouths."
[02:20:50] For example, there was roasted meat in the canteen.
[02:20:54] They liked the roasted meat there because it was the only protein,
[02:20:57] one of the few protein sources.
[02:21:00] The meals, onions were thrown with their skin on
[02:21:04] at one point, it might still be like that. I haven't asked for a month because
[02:21:07] they say all the pumpkins are thrown and so on. And
[02:21:11] of course, the execution officers also eat there.
[02:21:14] They also need to get nutrients.
[02:21:17] Most likely, they might be taking the valuable
[02:21:20] nutrients themselves. Look, I'm talking about very small things,
[02:21:24] but at this point, today, Aykut
[02:21:27] Erdoğdu's report, blood values were checked,
[02:21:30] his triglyceride and phosphorus
[02:21:33] levels were much higher than necessary. We immediately consulted a doctor,
[02:21:37] asking why this was happening. They said muscle wasting had started.
[02:21:40] What needs to happen? Yes, he needs to take protein.
[02:21:43] And for this, he will go to the doctor,
[02:21:46] and maybe the doctor will specifically prescribe something. What will he prescribe?
[02:21:50] Ayşe Barım couldn't get protein powder in. You know how bad
[02:21:54] that woman's situation was. Now, these are truly
[02:21:57] very difficult stories we are talking about. Why are
[02:22:00] you doing these things to these people? Why was the roasted meat taken away? What happens if the roasted meat is taken away? They brought
[02:22:04] a very bad brand instead. And then now,
[02:22:14] you see, why are these people facing financial crimes? Buğray Gökçe's
[02:22:18] lawyer says, "My client is accused of bid rigging,
[02:22:21] and he can serve a maximum of 12 months, extendable
[02:22:25] by 6 months." He has completed 18 months, meaning the maximum
[02:22:29] sentence he can serve for the crime
[02:22:32] committed, with extensions, is 18 months. 18 months have passed.
[02:22:36] He says it's a crime that should be heard in the court of first instance.
[02:22:39] And in these trials heard
[02:22:42] in the court of first instance, the maximum detention period
[02:22:46] can be 12 months, extendable by 6 months.
[02:22:49] He says 18 months have passed, "Release my client
[02:22:52] now." He is right,
[02:22:54] "I have already served my sentence."
[02:22:58] You are being detained excessively according to the law.
[02:23:01] So, for example, now, wait there for 12 hours
[02:23:04] until 1:30 AM. Brother, before creating
[02:23:07] a case with 410 defendants, you, meaning
[02:23:11] the state, I'm talking about the state, meaning
[02:23:14] the Ministry of Justice or the prosecutor. The prosecutor
[02:23:18] actually, there's a system here, or rather, you should have
[02:23:22] thought about this. You built
[02:23:24] a new courtroom. We can't hear the non-detained
[02:23:28] people because it's too crowded, so until 1:30 AM, everyone, including the panel,
[02:23:32] is trying to listen in a miserable state. I see the defendants
[02:23:36] there at 12 AM. Now, urgently,
[02:23:39] they have to stay there constantly because there are non-detained
[02:23:42] people who can come suddenly regarding your case. And a non-detained
[02:23:46] person can come 50 rows later and say, "I want to give a statement."
[02:23:50] Okay, in the second row, I will take them in order.
[02:23:53] The court is trying to put this in order, but you don't feel comfortable.
[02:23:56] There can be mishaps. For example, the other day, my lawyer friend
[02:24:00] Tuba, who was involved in Aykut's case, said, "He's here,
[02:24:03] do you want to come?" Meaning, if you want to come. What time
[02:24:07] is it? I look, it's about 10:30. Our people in our case
[02:24:11] have already been heard, but we still want to hear
[02:24:14] the person who might be relevant, for example.
[02:24:17] And at 1 AM, that
[02:24:21] person wants to ask a question. Imagine, you've been detained for 18 months.
[02:24:24] The person related to your case has come, and you need to ask
[02:24:27] him questions, but your brain is frozen.
[02:24:31] Your eyes can't see. They are constantly blinking.
[02:24:34] They can't even formulate the question they want to ask. Now, how
[02:24:37] healthy is this trial? How much is the right
[02:24:41] to a fair trial entrusted to the person,
[02:24:44] delivered to the person? Where is the restriction
[02:24:47] of defense if not here? What is the cost of these things?
[02:24:51] The cost of these things is also the reason for the 100 lira
[02:24:54] diesel fuel bill that Ms. Evru gave earlier,
[02:24:58] such trials. I always say,
[02:25:02] despite the decrease in inflation in Turkey
[02:25:06] and the decrease in interest rates by the Central Bank,
[02:25:09] interest rates in the market have not decreased. Since when? Since March
[02:25:13] 2025, that is, the IBB operation.
[02:25:16] The IBB operation has an annual additional interest cost
[02:25:20] of 2 trillion liras to Turkey. 2 trillion liras. And
[02:25:24] neither Mehmet Şimşek mentions this, nor do the chambers
[02:25:27] of industry and commerce mention this, nor does TOBB mention this.
[02:25:30] Everyone is ignoring it. You know the three monkeys, "See no evil, hear no evil,
[02:25:34] speak no evil." Brother, sit down, there's math. Sit down
[02:25:37] and calculate. The decrease in inflation,
[02:25:40] the decrease in interest rates by the Central Bank, but it's not decreasing in the market.
[02:25:44] Bond interest rates are not decreasing, loan interest rates are not decreasing. The gap has opened.
[02:25:47] Why has it opened? Since when has it opened? Since March
[02:25:50] 2025. You complain about interest, the interest lobby.
[02:25:54] What did Emre Tezmen say earlier? Evil
[02:25:57] forces, brother, focuses of evil. Oh, excuse me,
[02:26:00] focuses of evil. You look, I understand those
[02:26:03] focuses of evil, but I won't even mention them. We can't say it. We are making
[02:26:07] half-hearted comments. These events
[02:26:10] that we talked about earlier, that Tuba Hanım
[02:26:13] also talked about, are reflected as a cost
[02:26:17] to society in Turkey. Meaning, they are reflected
[02:26:21] as a cost of living, as a price increase,
[02:26:24] as expensiveness. Teacher, let's go back to diesel. There are some
[02:26:28] headlines. People, I mean, citizens, listen to these
[02:26:32] things and then get upset about other things. Now, for example,
[02:26:35] I'm hesitant to ask about this too. These people's families broke up.
[02:26:39] These people have children. How do they make a living? What
[02:26:43] do they do? Many people were on salary, getting their salary,
[02:26:46] working, taking care of their families. Their spouses were working. It's very.
[02:26:59] But you know, they blocked access to our account. They don't
[02:27:03] want these things to be heard because they don't want the public
[02:27:07] to feel the emotion. What sin do the children have?
[02:27:10] Yes, there are many difficulties. With solidarity, inside,
[02:27:13] we are trying to help ourselves.
[02:27:17] But there are people whose lives we haven't experienced.
[02:27:21] For example, one of them's indictment hadn't been written yet. Now it's
[02:27:24] written. He was the person who supported the family.
[02:27:28] And then 11 months had passed. His
[02:27:31] indictment hadn't been written. Foreclosures came to his house.
[02:27:34] He has elderly
[02:27:35] parents.
[02:27:38] And then, for example, one of them
[02:27:41] has a disabled sibling.
[02:27:44] Meaning, his condition worsened greatly
[02:27:47] when his brother didn't come home. Now we see,
[02:27:50] for example, you mentioned Ali Sukas. I don't see any harm
[02:27:54] in saying this here.
[02:27:56] Ali Sukas asks, "The gentleman
[02:28:00] at the head of the company is a very decent person."
[02:28:04] And then he asked the question, "If your son
[02:28:07] hadn't been arrested, would you have given that statement?"
[02:28:11] But look, Ali Sukas has a disabled child.
[02:28:15] I was at his arrest hearing, and before us,
[02:28:18] his interrogation was taken. The man was crying
[02:28:21] uncontrollably. He also has a child, and
[02:28:24] moreover, disabled. Disabled, needing attention,
[02:28:28] needing support from his father. So, on one side,
[02:28:31] there are those who truly, as Fatma Hürriyet, the captain
[02:28:35] and president, said, "Those who stay in prison like a boss
[02:28:38] despite all the difficulties." There are those who lie like lions.
[02:28:42] On the other hand, now, we can't blame them.
[02:28:46] There's a situation of "I understand but I can't accept." Slander is the biggest sin.
[02:28:50] You can't do it. Above all, it's a sin. Its
[02:28:53] burden is great. There are some cases, Ms. Ebru, there are some
[02:28:56] cases where,
[02:29:00] for the sake of that sacred cause, many things are permissible.
[02:29:03] Exactly, professor. Now, vegetable and fruit
[02:29:07] distribution companies were raided, right? After
[02:29:11] the diesel price increase, of course, farmers use diesel,
[02:29:15] distribution companies use diesel, people going to Silivri use diesel,
[02:29:18] and they use it for public transportation. Winter is coming, and they will pay
[02:29:22] natural gas bills. Of course, no one thinks about these things. How will children
[02:29:26] be taken care of? What will happen? What will retirees do? What will minimum
[02:29:29] wage earners do? Even if they earn an average of 50,000 liras, it's not enough.
[02:29:33] 50-60 is not enough. I did a calculation. A 20-ton
[02:29:36] truck departed from Antalya. The distance
[02:29:39] is 800 km. If I say the fuel consumption
[02:29:43] is 320 liters, diesel costs 32,640 liras.
[02:29:45] When you add bridges and so on to this, it's...
[02:30:10] Will the liras not be reflected in your peppers, in your bell peppers,
[02:30:13] in the vegetables you buy, in the fruit you eat,
[02:30:17] in oranges, in mandarins? Yes, it will be reflected in diesel.
[02:30:20] You will eat it. People are also fighting for survival like this.
[02:30:23] Absolutely. The Minister of Treasury
[02:30:26] and Finance says, "It's 150 liras in Europe. It's 100 liras
[02:30:30] here." He says it's more expensive there. And
[02:30:33] we are the only country that doesn't take income tax
[02:30:36] from the minimum wage. Look, in our league, serious taxes are taken from the minimum wage.
[02:30:40] We don't take it, he says. Well,
[02:30:43] the price of diesel per liter in Germany
[02:30:47] is 130.8 liras. Okay, it has exceeded 130 there,
[02:30:51] but the minimum wage there is 94,170 liras.
[02:30:54] And with this minimum wage,
[02:30:57] 720 liters of diesel can be bought. You say
[02:31:01] you don't take tax from the minimum wage, but if you took
[02:31:05] tax from 28,000, people wouldn't have any salary left.
[02:31:09] Their net minimum wage is 94,000. So,
[02:31:12] that's a very valid point. And there's a principle in law that a bad example
[02:31:16] is not an example. Meaning, look, that place is also like that.
[02:31:19] But this place also did this. It withdrew from the Istanbul Convention
[02:31:23] and so on. There's no such thing. Your entire responsibility
[02:31:27] is to work for the welfare of the people. And if there's a decline
[02:31:30] here, you will also bear the responsibility for it. No one accepts responsibility.
[02:31:34] France is also higher than us. It's not 150. It was
[02:31:37] around 127 liras.
[02:31:40] And it gives a net minimum wage of 82,950 liras.
[02:31:44] It can buy 654 liters of diesel. In Spain,
[02:31:48] I calculated it as 101 liras. There,
[02:31:51] there's a minimum wage of 74,750 liras in Spain.
[02:31:54] It can buy 740 liters. In Turkey,
[02:31:58] you buy 280 liters for 28.75 liras.
[02:32:00] 1 lira, I mean,
[02:32:11] let's say 2. Look, I'm saying, in their currency,
[02:32:14] it's 40 liras here. Germany, 131
[02:32:18] liras for diesel. It buys 720 liters
[02:32:21] with the minimum wage. That's 2.6 times more
[02:32:25] than us. As you said,
[02:32:29] there, salad.
[02:32:31] Cucumbers are cheaper than the cucumbers we buy.
[02:32:35] Meaning, its essence. Diesel is expensive,
[02:32:38] but it doesn't affect food prices as much as ours. In England,
[02:32:41] our inflation became 3.1. Oh dear, oh dear, he says.
[02:32:45] Ours is 31.5. So, yes, the price of diesel
[02:32:48] per liter is highest in Germany, over 130
[02:32:52] liras in TL terms, but considering their minimum wage
[02:32:55] is 94,000 liras, and the proportion of minimum wage is very low,
[02:32:59] and the minimum wage period is not very long.
[02:33:02] Anyway, they can buy 720 liters.
[02:33:06] We also boast that we don't take tax from the minimum wage
[02:33:10] for such high diesel prices. But ours is 28.075 liras.
[02:33:12] Mr. Minister, why doesn't he see this?
[02:33:15] We occasionally ask ourselves, "Why don't the ruling party voters
[02:33:19] see this?" Some of them see it. Some of them,
[02:33:23] I was talking to an AK Party voter the other day, and I said,
[02:33:26] "What do you say about such a big price hike?" "We don't do that," he says,
[02:33:30] "the government doesn't do that. The hoarders do it," he says.
[02:33:34] "It's someone else, those who hoard on the side," he said something
[02:33:38] like that. He says the distribution companies are inflating the price.
[02:33:41] Let's see, will vegetable and fruit prices drop?
[02:33:45] Yes, he says they put them up, those who hoard put them up, etc.
[02:33:49] He has found a way, a reason
[02:33:53] for himself. Now, you look,
[02:33:56] but we have tax on the price of diesel. There's also the exchange
[02:33:59] rate effect, isn't there? And we have received a price
[02:34:03] increase of 25 liras and 60 kuruş since August 22nd.
[02:34:06] So, we are constantly paying tax. They inflated the prices, you know,
[02:34:10] the ones sold in the market and so on, or
[02:34:14] in the bazaar. How did they do that? For example, one needs
[02:34:17] to ask why there is such a price increase for diesel.
[02:34:21] They say it's because of oil prices.
[02:34:23] They say there's a war. But is the war only
[02:34:27] for us? Is the war only for us?
[02:34:30] In countries where there's a war, inflation is lower than ours.
[02:34:34] Yes, and Özgür Özel says
[02:34:38] that 20 liras of this 100 liras is SCT and VAT.
[02:34:41] For diesel. He says, for example, in 2009,
[02:34:44] a 100-lira banknote was issued. He says with our 100-lira banknote,
[02:34:48] 40 liters of diesel could be bought. Now, he says,
[02:34:51] you can't even buy 1 liter with 100 liras. You can barely
[02:34:55] buy 1 liter, he says. It makes 102 liras. We can't buy it. Yes,
[02:34:59] currently, before the 2023 elections,
[02:35:02] President Erdoğan announced the discovery of 100,000 barrels
[02:35:06] of oil per day in Gabar. Diesel was 20 liras per liter.
[02:35:09] Today it has exceeded 100 liras, he says. You said you found oil
[02:35:13] in Gabar. That day, oil was 20 liras. We found oil. Years passed.
[02:35:16] Today, diesel is 100 liras. The diesel that was 20 liras
[02:35:20] that day is 100 liras today, he says. "Remove the SCT from
[02:35:23] fuel," he says. "Remove the tax," he says.
[02:35:27] The diesel price increase, he says, "will not stay at the pump.
[02:35:30] It will affect everything, from needle to thread." It will boil in people's kitchens,
[02:35:34] it will burn their kitchens, he says. "You are paying the highest interest
[02:35:38] rates in the world. You are paying sales guarantee fees for roads and bridges.
[02:35:41] Don't let your hand tremble when it comes to the citizen," he says.
[02:35:45] "At least remove the interest and tax," he says. They removed
[02:35:49] it for a while, then saw it wasn't working, and put it back.
[02:35:53] What will happen? I mean, there's tax on everything, multiple layers of tax on everything.
[02:35:56] Our state is trying to make money from citizens, not
[02:35:59] to provide money for citizens. What is special consumption tax, for example?
[02:36:03] Special consumption tax is special,
[02:36:06] you know, special. It's a tax on things you consume specially,
[02:36:09] in addition to VAT. What he calls SCT, special consumption tax,
[02:36:12] is distributed for special products. "A truck
[02:36:15] loads tomatoes from Antalya, fills its tank with diesel
[02:36:19] with special consumption tax, and brings it to us with a special
[02:36:22] consumption price. The VAT on the tomatoes, peppers, whatever
[02:36:25] it is, in the truck in the example you gave
[02:36:28] is one.
[02:36:30] It's not special. Since it's an essential product, the VAT on most
[02:36:34] food prices and food products in these kinds
[02:36:37] of needs is 1%. Okay, but the VAT on the diesel fuel
[02:36:40] used by the truck carrying it is 20%, and there is an additional
[02:36:44] SCT.
[02:36:53] a product that is discounted or whose price
[02:36:56] is reduced has 1% VAT, but the transportation cost
[02:37:00] of the vehicle carrying it has both SCT and VAT,
[02:37:03] double taxation. So, if there was no war,
[02:37:07] inflation would be around 22%, says
[02:37:10] our esteemed minister, but as I
[02:37:13] remember, the inflation forecast for 2026
[02:37:16] was 16%, there was no war, it was raised to 16%,
[02:37:19] and next year it was 9%,
[02:37:22] if I'm not mistaken, now this year it's 28.4%, next
[02:37:26] year it jumped to 21%, the forecasts,
[02:37:29] let's say it's war, okay, let it be 22%, but
[02:37:32] in Russia it's 6.30%, in Ukraine it's 8.10%,
[02:37:36] in Turkey it's 31.5%, these countries are at war, at the same
[02:37:40] time the whole world is affected by the war, here are the
[02:37:43] inflation figures in the world. Look, Romania is the
[02:37:46] highest at 6.2 after us, Lithuania 6, Spain
[02:37:50] 4, Chile 4, America 3.4, everything burned, Fed
[02:37:53] raised interest rates, Canada 3, England 2.1,
[02:37:57] France 2.4, Japan 1.9, so there is war
[02:38:00] in the world, why is inflation not 31.5% or
[02:38:04] 22% there?
[02:38:07] Even if it were 22%, we would be in the World League, we are at the top in inflation.
[02:38:10] Now, for example, you said, there are elderly people. You have
[02:38:23] a headache, and they tell
[02:38:26] you that the price is 621 liras, they say,
[02:38:30] you can't buy it, you're stuck, it's a painkiller, you say
[02:38:34] it's a painkiller that's given constantly, a fever reducer, it won't work, then
[02:38:38] you say, okay, I'll leave that one, I'll buy something cheaper that we use
[02:38:41] every minute, and oh, that one is 480 liras.
[02:38:45] These have increased by 4%
[02:38:49] 643% 334% since 2022. The elderly
[02:38:53] population is increasing, we have our elderly, our pension is low, you can't get prescriptions
[02:38:56] for medicine every minute, so are we going to
[02:38:59] ask for 621 liras or 480 liras
[02:39:02] when we say "my head hurts"? You're talking about the most essential
[02:39:06] needs, yes, my head hurts right now from a painkiller,
[02:39:09] and imagine your arm or leg hurting or being sick, or
[02:39:13] or her hand
[02:39:17] hurts, or she has a fever, she will need
[02:39:20] a painkiller. If she buys something for both
[02:39:23] sides, like cough syrup, etc., 1000 liras are gone.
[02:39:27] And the health sector, now when I look at this normal
[02:39:31] system, it seems
[02:39:34] like the most tolerated. Actually, my mother, poor thing,
[02:39:38] made an appointment at the state hospital
[02:39:41] for her check-ups, and the poor woman, we can't afford
[02:39:45] private, you know, then
[02:39:48] they gave her physical therapy a year later. I'm
[02:39:52] saying this, but what is it now,
[02:39:56] they always introduced the system as working well and so on, but
[02:39:59] people are having big problems even in curing their illnesses,
[02:40:03] and there's also the treatment for this, I mean, the
[02:40:07] treatment is, look, even the simplest painkiller, allergy
[02:40:11] medicine, I bought it the other day, and honestly, when I heard the price,
[02:40:14] I was really surprised. For example, for skin problems that often occur in old
[02:40:18] age, there's a medicine for dry skin or skin disease,
[02:40:22] it's very expensive, you need to go to the doctor
[02:40:25] to get a prescription, find an appointment with a dermatologist
[02:40:29] and get the medicine prescribed and buy it.
[02:40:32] And these people are our elders, yesterday
[02:40:35] a parent told me
[02:40:38] how the school asks for money from them
[02:40:41] for their children's notebook and book needs.
[02:40:45] They say they can't afford to send them to school. I mean,
[02:40:49] it's a big problem, I'm thinking about it
[02:40:52] in public schools, you know, public
[02:40:55] schools, God forbid, have become places
[02:40:59] where children are scanned and so on, we are forced
[02:41:02] to witness these things, I watch a lot, though this year they started
[02:41:06] with measures, now they are doing their best, they
[02:41:09] say we are fighting toast, they are buying toast,
[02:41:12] so they are in fear, even in terms of security, they are in fear.
[02:41:19] People are now forced, but this year I saw a better environment in terms of security and searching, but there are serious
[02:41:23] issues with children's food and their needs.
[02:41:27] So, you sent your child there, you overcame all worries,
[02:41:31] you sent your child. I mean, these things
[02:41:35] have been said many times, but even at the beginning of the
[02:41:38] academic year, we are talking about basic things like
[02:41:41] books and uniforms that need to be bought.
[02:41:45] They say they can't afford it. The other day, one of our viewers
[02:41:48] said that a microphone was extended to a citizen, who
[02:41:51] said, "I bought a notebook, I mean, when the child started
[02:41:55] primary school, I wanted them to have a notebook and a pen, I paid 2,500 liras." How did paper get so
[02:41:59] expensive? "I paid 2,500, what am I going to do?" he says into
[02:42:02] the microphone. "What am I going to do? How will I cope with this?" Publishing
[02:42:06] houses are closing down because paper has become so expensive. For
[02:42:09] example, ayran in the parliament canteen was 6 liras,
[02:42:13] but in our school canteen it's 30 liras. Why
[02:42:16] not for those in parliament? I mean, it should be the other way around.
[02:42:20] For example, for children too, soup was 80 liras, mushroom soup
[02:42:24] was 12 liras there. Hamburger with red meat in schools.
[02:42:27] 160, 180, 200 liras. If there's red meat, there's only red
[02:42:31] meat in a single hamburger. Sautéed beef with rice was 66
[02:42:35] liras. Chicken wrap 145 liras in schools.
[02:42:38] Tuna salad 70 liras in parliament.
[02:42:42] Plain pastry 30-35 liras in the canteen. Child drinks
[02:42:45] lemonade for 25 liras. And the MP
[02:42:49] eats cherry compote for 18 liras. You can't compare the dessert,
[02:42:53] hamburger and sautéed beef, sorry, but you can't compare
[02:42:56] them because there's no hamburger. We did that here. 3 types of
[02:43:00] fixed menu are 260 liras in school. Meals are provided in schools, but
[02:43:04] for a fee, between 260 and 290 liras per day.
[02:43:07] Annually, it comes to about 55,000. The child says, "I
[02:43:10] want to eat too." The child, poor thing,
[02:43:13] 290 liras daily. Mixed fruit was 30 liras
[02:43:17] in parliament. Let's swap these.
[02:43:20] The adults can handle it better anyway. Let's give these prices
[02:43:23] to the children. Children are left with toast. 150
[02:43:27] liras every day. Families can't afford to give money for toast and
[02:43:31] ayran to their child. Deep poverty. Then they say, "Have three children,
[02:43:34] have five children." How will they do it? 3,000 liras
[02:43:38] for toast and ayran for one, 3,000 for another, 3,000 for another.
[02:43:42] How will this person pay 10,000 liras for toast and ayran? That's why people don't get married
[02:43:45] or have children. You do things saying "my family is safe,"
[02:43:48] you're taking people down one by one, but on the other hand,
[02:43:52] here, they can't see why families are not safe. People can't
[02:43:56] form families to be safe. How will they get married, how will they have children?
[02:43:59] They are afraid. For example, we say kitchen cylinder tax. There
[02:44:03] shouldn't be so much tax. The tax on a kitchen cylinder, the
[02:44:06] sales price is 1570 liras.
[02:44:09] 136 liras of this is SCT, 142 liras and 73 kuruş is
[02:44:13] VAT. 278 liras and 33 kuruş
[02:44:16] is the tax on the 1570 lira cylinder.
[02:44:19] It's a shame, 1570 liras. These things
[02:44:23] run out quickly. Then we put special consumption
[02:44:27] tax and VAT on the kitchen cylinder.
[02:44:31] How will people live? We are asking a question.
[02:44:35] In winter, this has been around for 50 years, but
[02:44:38] special consumption tax on kitchen cylinders, Professor, right now,
[02:44:42] because wages are so low, it really hits me hard. It seems too much
[02:44:46] to me. It
[02:44:49] affects me. Look, more importantly, this kitchen cylinder, 40 years ago,
[02:44:53] before natural gas arrived, the kitchen cylinder was a very essential consumption.
[02:45:32] for cooking or just for cooking? Natural gas or cylinder? Definitely natural gas. Natural gas is much
[02:45:36] cheaper. Cylinder gases are because you get
[02:45:38] the cylinder and
[02:45:41] you place it inside that
[02:45:45] metal, you carry it, you do things with it, so its cost
[02:45:49] is high. Cylinder gas is always more expensive than natural gas.
[02:45:52] But the SCT and usage of
[02:45:55] cylinder gas used to be much higher.
[02:46:19] The most important is fuel or, for example, communication. There is SCT on communication. For example, these kinds of products, even your child
[02:46:23] goes to school, uses a phone. I bought something,
[02:46:26] 580 liras tax, VAT, sir.
[02:46:30] You buy something for 1500 liras,
[02:46:33] 600 liras of it is VAT, 600 liras is VAT.
[02:46:37] That's 20%. No, on top of 1500 liras,
[02:46:40] you pay another 600 for VAT, you pay 2100 liras.
[02:46:44] 20% VAT on something worth 2.0 liras would be around
[02:46:47] 400 liras.
[02:46:50] What kind of product has a VAT rate over 20%?
[02:46:53] I don't know if such a product
[02:46:54] exists. Let's not make
[02:46:58] ourselves angry.
[02:47:01] There was SCT there, ma'am, it's not just VAT in it,
[02:47:05] you probably bought a product with SCT, Professor.
[02:47:09] You buy such a small product, you pay 600 liras in tax,
[02:47:12] it finishes immediately. Yes, it's about its content, not
[02:47:16] its tax dimension. For example, it's probably a cosmetic
[02:47:19] product, and there's also SCT on those, which seems excessive
[02:47:22] to me. I'm currently complaining about high
[02:47:25] taxes and high prices,
[02:47:28] and I'm looking to see where they can be reduced. This is what
[02:47:32] we call direct tax. What is indirect tax? Indirect
[02:47:35] tax is consumption tax
[02:47:38] levied on products.
[02:47:56] I mean, was tax collected from funds that have reached half the size? Is there such a tax system
[02:47:59] there? They collect from
[02:48:02] us, why would they collect from funds?
[02:48:06] With a 1.27% increase, it's trying to stay above
[02:48:10] 13,200 points, the stock market. Here,
[02:48:13] let's say the dollar is at 1.14 levels. The Fed raised interest
[02:48:17] rates by a quarter point. 3 years later, Trump got furious,
[02:48:20] saying "What are you doing?" "I brought you here." He said,
[02:48:24] "This is the weapon in my hand, I'll pull it." The Fed proved its
[02:48:27] independence and pulled its weapon, the interest rate weapon.
[02:48:31] Trump got furious. US Treasury bonds first fell,
[02:48:34] then 10-year bond yields were above 14% and
[02:48:38] the dollar appreciated. In the markets, gold
[02:48:41] is 6,740 liras, it's trying to stay at 4,300 dollars
[02:48:45] to improve its outlook, saying "Let me get above this
[02:48:49] support level." As you can see, oil is
[02:48:53] 101 liras and 182 kuruş. Good luck to
[02:48:57] everyone. Do you have a
[02:48:59] headline? Our headline?
[02:49:02] 180 funds were liquidated. That's today's headline.
[02:49:06] Exactly. I mean, they grew and grew and were liquidated.
[02:49:10] 180, 130 funds were liquidated. Those
[02:49:14] in Silivri were not released.
[02:49:17] That's a very good slogan.
[02:49:21] Thank you for coming, lots of love, lots of greetings
[02:49:24] to those you saw, those you know, and those you talked to.
[02:49:27] İrem Sansak is coming, we are leaving, we completed 3 hours.
[02:49:30] I hope it flew by for you as it did for me.
[02:49:33] I didn't realize how it passed. We were sad, we were troubled,
[02:49:37] decisions.
[02:49:40] We saw them, we were surprised. We finished one program.
[02:49:43] We are handing over to İrem Sansak. I wish you a good day. Goodbye.
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[02:56:08] bell has rung, but the demand for a free meal in schools,
[02:56:12] which has been awaited for years, has not been met this academic
[02:56:15] year either. Educators and experts are reacting. We
[02:56:18] asked parents, what could you put in your child's lunch
[02:56:22] box? Could you give your child pocket money? I made toast,
[02:56:25] the child eats toast, I also give pocket money,
[02:56:29] but we provide for the child's needs at home, we try
[02:56:32] to meet them, of course. People want there
[02:56:35] to be food at school for children, to feed
[02:56:39] people. There are those who can't afford it, there are those
[02:56:42] who can't even make a toast. The system should also consider
[02:56:46] these things. Well, the minister should give the reason, what
[02:56:50] do I know the reason for? I'm not authorized. I don't put
[02:56:53] anything because he has breakfast in the morning, and comes home
[02:56:57] around 1:30 in the afternoon. I give 200 liras pocket money
[02:57:00] as a retiree, as minimum wage, of course, 200 is also a struggle.
[02:57:03] Children are now in 8th grade. We used to put food when they were little,
[02:57:07] but now that they're in 8th grade, they don't want packed lunches, they eat out. The government provides
[02:57:11] everything from everywhere, but when it comes to education, we unfortunately
[02:57:14] cut everything. So it would be good if they provided. Especially in
[02:57:18] lunch boxes, we can only put things that we can eat in our daily
[02:57:21] lives, we can't add anything extra.
[02:57:25] As for daily pocket money, we give a small
[02:57:28] amount, because the prices in our school canteens, especially,
[02:57:32] are much higher than outside. Today, when you enter the parliament,
[02:57:35] even there, they eat and drink everything for a third of the price,
[02:57:39] while our children, I mean, even our transportation alone
[02:57:43] is a separate burden. In the morning, before leaving home,
[02:57:47] I make them eat their milk and eggs, as much as we can afford,
[02:57:50] of course. We try not to deprive them of anything, but as I said,
[02:57:53] I know we are a minority, because people are raising
[02:57:57] their children under very difficult conditions.
[02:58:00] I'm also in the school's parent-teacher association, and
[02:58:03] people. can't put food,
[02:58:05] can't put pencils, erasers, stationery,
[02:58:09] pocket money. I mean, there are children who come from
[02:58:12] our room to ask for water. Our biggest money is 200 liras,
[02:58:16] I mean, even 200 liras, a child spends it in a day and comes back.
[02:58:19] So, the government should cover everything. I mean, we are
[02:58:23] in a public school, there shouldn't be such a thing as a private
[02:58:26] school, if you ask me. The government should cover everything,
[02:58:29] because education is the future of the whole country. There should
[02:58:32] be a single type of education, everyone should have equal right to education.
[02:58:36] If the government can provide a lunch,
[02:58:39] I would be very happy. I mean, even if it's two small
[02:58:42] portions, let the children eat something at school, or three small portions.
[02:58:46] What do they eat, for God's sake? What do they eat in such a fixed
[02:58:49] menu? Not soup, I don't know, it spills,
[02:58:53] etc. Something healthier. Nutritionists can arrange this,
[02:58:57] those who do this work, calorie counting, nice
[02:59:00] lists can be made. The government can
[02:59:03] provide it, it's a matter of wanting it.
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[03:00:07] Hello from Halk Television screens, I'm Irem Sansak, and we are
[03:00:11] with the News Desk. It's Thursday, September 17th.
[03:00:14] We are slowly approaching the last business day of the
[03:00:17] week. We will talk about hot topics from Turkey
[03:00:20] and the world, we will look at politics. The economy is quite
[03:00:23] hot. Especially on Wednesday, the stock market crashed and
[03:00:27] a circuit breaker was applied immediately around 4 PM.
[03:00:31] We will look at what happened, one by one. Our reporters and camera operators
[03:00:35] will share news tracking in hot spots, where they should
[03:00:38] be, we will turn our cameras. We have very valuable guests,
[03:00:42] your comments.